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Persimmon PLC on Thursday said it is on track to meet full-year market expectations as it reported a rise in third-quarter sales. The York, England-based housebuilder said, for the period between July 1 and November 2, net private sales per outlet per week were up 8.6% to 0.76, from 0.70 a year ago. Current forward sales rose 15% to £2.79 billion from £2.42 billion, with private forward sales accounting for £2.09 billion of that total, a 15% increase from £1.82 billion. Owned and under control land holdings stood at approximately 83,800 plots at September 30, compared to approximately 81,500 on that same day a year ago. Land spend in the third quarter increased 3.3% to £127 million from £123 million a year ago, of which £46 million related to the settlement of land creditors. Persimmon said it traded in line with expectations during the period. ‘This progress has been achieved despite some softening in the market since the summer, with consumer confidence affected by ongoing uncertainties including the upcoming government budget,’ the company said. Looking ahead, Persimmon said it is on track to deliver its 2025 performance in line with market expectations of 11,293 homes and underlying profit before tax of £429 million. In 2024, Persimmon completed 10,664 new homes and reported an underlying profit before tax of £395.1 million. The company said it continues to anticipate a cash balance of up to £200 million at the end of the current financial year. Chief Executive Dean Finch said: ‘Persimmon has performed well during 2025, in a challenging market, with increased sales rates, more sales outlets, and robust pricing. This demonstrates the benefit of the investment made in the business in recent years. Our forward sales are up 15% and we remain on track to deliver our 2025 performance in line with market expectations. ‘While we are mindful of the current macroeconomic environment and the short-term challenges facing our industry, we are confident in the underlying strength of the market over the medium term. ‘Leveraging our differentiated platform, including our investment in land, continued success on securing planning consents, vertical integration and our commitment to quality and customer service, we are investing to position the business for future success.’ Persimmon said it will provide its next trading update on January 13. Shares in Persimmon rose 2.4% to 1,262.00 pence on Thursday afternoon in London. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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