Persimmon shows revenue improvement

By Neill Barston08 January 2015

UK homebuilding firm Persimmon has released a trading update revealing a 23% revenue increase to £2.6 billion (€3.3 billion) during 2014.

The company recorded an increase of 7% in its forward order book to a total of £973 million (€1.2 billion), which it said had given it “a strong momentum” moving into 2015.

During the past two years, the firm has delivered a 36% increase in new properties, which has included a 17% increase (to 13,509) in legal completions to homes during 2014.

According to the company, it had seen a “good levels of demand” across the UK in 2014. It said, “There has been a return to a more seasonal pattern to customer activity and we have sold well right through to the end of the autumn season.

“In line with the group’s long-term strategy, during the year we identified a number of excellent opportunities for disciplined reinvestment in new sites in good locations.”

The firm’s trading update follows the latest purchase managers’ index report (PMI) for the UK, which indicated homebuilding levels had risen during 2014, despite an overall slowdown in the construction sector.

MAGAZINE
NEWSLETTER
Delivered directly to your inbox, Construction Europe Newsletter features the pick of the breaking news stories, product launches, show reports and more from KHL's world-class editorial team.
More News from Construction Europe
Loxam accelerates environmental shift
Equipment rental company aims to halve direct emissions by 2030 and cut indirect emissions by 30%
Construction starts on Milan’s renewable offices
New CityWave building will put ‘quality of life’ first and aims to have a “positive impact” on the environment
New HBOX+ lighting tower from Himoinsa
HBOX+ is designed for efficiency, connected remote control, safety and easy transport
CONNECT WITH THE TEAM
Mike Hayes Editor, Construction Europe Tel: +44 (0)1892 786 231 E-mail: mike.hayes@khl.com
Simon Kelly Sales Manager Tel: +44 (0) 1892 786 223 E-mail: simon.kelly@khl.com
CONNECT WITH SOCIAL MEDIA