Persimmon continued to perform strongly in 2016

Persimmon plc announced yesterday their Final Results for the year ended 31 December 2016.

A rise in underlying profit of nearly a quarter and growing sales for 2016 were the highlights to the announcement, their focus on disciplined high quality growth delivers excellent full year performance.

Nicholas Wrigley, Group Chairman, said: “Persimmon continued to perform strongly in 2016, meeting market demand with increased output and delivering disciplined high quality growth.

 “The Group has now completed the first five years of its long term strategy which remains focused on growing Persimmon into a stronger, larger business while maintaining capital discipline and robust free cash generation.  The strength of the Group’s operating model is demonstrated by our ability to grow completion volumes by more than 60% and investing c. £2.6bn of cash in land through this period while simultaneously returning over £1.0bn of excess capital to shareholders.  

 “Customer activity in the early weeks of the 2017 spring season has been encouraging. The further increase in the Capital Return Plan demonstrates the Board’s confidence in the Group’s prospects.”

Read the Persimmon plc Final Results announcement in full click here.

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

You May Also Enjoy

Estate Agent Talk

Marilyn Monroe bought her own home just four months before she died.

August 4th marked the 60-year anniversary of the death of Marilyn Monroe, who would be 96 if she were still alive. Still a sex symbol today, the blonde bombshell started as a pin-up model before branching out into cinema. Famous for her comedies, such as Some Like it Hot and Gentlemen Prefer Blondes, she was…
Read More
Breaking News

BREAKING PROPERTY NEWS – 11/08/2022

Daily bite-sized proptech and property news in partnership with Proptech-X.   LettingaProperty.com Highlight New Smoke and Carbon Monoxide Alarm Regulation Changes for Landlords Online lettings platform LettingaProperty.com is seeking to raise awareness among landlords and tenants of changes to the Smoke and Carbon Monoxide Alarm (England) Regulations. The regulations have been in place since 2015, but are…
Read More
Home and Living

How To Increase Your Homes Value With A Loft Conversion

Loft conversions are one of the easiest, quickest ways to add value to your property both functionally, and financially. If you’re still undecided about whether or not a loft conversion is right for you, read on to find out more about them and how they can help you boost the worth of your home: What…
Read More
Home and Living

How To Use Bed Sheet Holder

Bed sheet holder is a wonderful product that has been helping many people over the world to hold their bed sheets and make them stay in their place. Bed sheet holders are used to fasten your bed sheets. You can use them on your bedroom or any other place you find convenient. There are different…
Read More
Love or Hate Rightmove
Breaking News

Dining Rooms Decline And Orangeries On The Rise

New analysis reveals the home features that have shifted in popularity over the last ten years: Garden offices, orangeries, summer houses, underfloor heating, bi-fold doors and open plan rooms have all surged in popularity Conservatories, greenhouses, dining rooms, fitted wardrobes all appear to be on the decline The pandemic-induced working from home has led to…
Read More
Estate Agent Talk

Make Your Property Perfect For Incoming Tenants With These Steps

If you have a property in your possession that is ready (or nearly ready) to be rented out to potential tenants, you’re going to have to make sure that you have everything perfectly lined up and sorted out. Tenants are going to be looking for somewhere that they can feel comfortable and somewhere they can…
Read More