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 2022 Persimmon PLC Trading Statement Call Transcript

Nov 08, 2022 / 08:30AM GMT

Release Date Price: $28.99 (-5.94%)

Transcript

Operator

Good day, and welcome to the Persimmon Trading Update Analyst Conference Call. (Operator Instructions). And finally, I would like to advise all participants that this call is being recorded. Thank you.

I'd now like to welcome Mr. Dean Finch to begin the conference. Dean, over to you.

Dean Kendal Finch

Persimmon Plc - Group Chief Executive & Executive Director

Thank you very much. Good morning, everybody, and thank you for joining us this morning. As usual, we will say a few words and then hand it over to Q&A.

I'm joined this morning by Jason Windsor, our CFO; Paul Hurst, our U.K. Managing Director; and Martyn Clark, our Chief Commercial Officer.

Clearly, today is an important update. Whilst we only spoke 3 months ago, a lot has changed since then. This uniquely disruptive period is being reflected in our trading, and I will say more on that shortly. I want to begin by taking a moment to go through 3 key issues: trading, capital allocation and cladding. Jason will set out our new capital allocation policy in detail in a

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