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Summerset Group Holdings Limited ( (DE:20S) ) has provided an update.
Summerset Group Holdings Limited reported a 14% increase in total sales of occupation rights for the first quarter of 2025, with a notable 31% rise in resales compared to the previous year. Despite a slow start in January, sales picked up in February and March, with a strong pipeline of contracts moving into the second quarter. The company remains on track to build 650-730 homes in New Zealand and Australia in 2025, including its first village center in Australia. The geographical diversity of Summerset’s operations contributed to sales growth across almost all regions in New Zealand.
More about Summerset Group Holdings Limited
Summerset Group Holdings Limited is a leading operator and developer of retirement villages in New Zealand, with 40 villages either completed or under development across the country. The company also has a presence in Australia, with several villages in development and additional properties in Victoria. Summerset offers a variety of living options and care services to over 8,700 residents.
YTD Price Performance: -19.63%
Average Trading Volume: 808
Technical Sentiment Signal: Strong Buy
Current Market Cap: €1.35B
Learn more about 20S stock on TipRanks’ Stock Analysis page.