Persimmon PLC (OTCPK:PSMMY)

$ 30.125 -0.345 (-1.13%) Market Cap: 4.82 Bil Enterprise Value: 4.38 Bil PE Ratio: 14.90 PB Ratio: 1.12 GF Score: 83/100

Q3 2021 Persimmon PLC Trading Statement Call Transcript

Nov 09, 2021 / 09:00AM GMT

Release Date Price: $72.63 (-2.26%)

Transcript

Operator

Hello, and welcome to the Persimmon Trading Update Analyst Conference Call. My name is Molly, and I'll be your coordinator for today's event. Please note that this call is being recorded. (Operator Instructions)

I would now like to hand the call over to your host, Dean Finch, Group Chief Executive, to begin today's conference. Thank you.

Dean Finch

Persimmon Plc - Group Chief Executive & Executive Director

Thank you. Good morning, everybody. I'm joined by, as usual, Mike Killoran, and also Martyn Clark. So I will begin by making -- picking out 1 or two key points, then hand over to questions, as usual.

So the business continues to trade very well with strong sales rates and good build rates. We're on track for the year-end with completions expected to be about 10% ahead of last year. Despite cost pressures, margins remain resilient. Build is coping with the supply chain difficulties and is strongly supported by our off-site manufacturing capabilities and build rates in recent weeks have been particularly good.

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