House Builder Persimmon reports strong growth with legal completions increasing by 8% to 14,572 new homes
Persimmon plc British house building company announces the following update ahead of its Final Results for the year ended 31 December 2015, which will be released on 23 February 2016. 2015 has been another year of strong growth for the Group, with legal completions increasing by 8% to 14,572 new homes (2014: 13,509). Further improvements to our build programmes supported the delivery of our strong carried forward sales at the mid-year stage, together with healthy sales taken through the autumn season. Our second half volumes of 7,717 legal completions were 13% stronger than the first half (H1: 6,855). The two new businesses opened during 2015 have made a solid start to trading, with Central delivering 160 new homesand Teesside 310 new homes during the year. Revenues for 2015 of £2.9bn were 13% higher than the prior year (2014: £2.6bn), the Group’s average selling price having increased by 4.5% to c. £199,100 (2014: £190,533). The value o...