Persimmon reports rise in sales reservations

| April 21, 2011
Persimmon reports rise in sales reservations

Persimmon, which is the UK’s largest housebuilder by market value, has today reported a 12% rise in sales reservations in the first three months compared with a year ago.

Furthermore, the housebuilder said its order book had risen to £1.14 billion – up from the £565 million at the start of the year.

The figures come just a few weeks after the company said it was encouraged by the strong start to the year after announcing full-year underlying pre-tax profit jumped to £95.5 million compared with £7 million in the previous year.

Meanwhile, it said it expects house prices to remain stable this year; many experts are forecasting a 2% drop in prices for the year.

In a statement, the company said: “We anticipate legally completing a similar number of new home sales during 2011 when compared with 2010, but with an increase in volume over the prior year in the second half.”

In other news, the company’s chairman, John White, is stepping down next week after 32 years with the firm and five years in the role as chairman.

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