Persimmon Says Inflationary Pressures Expected To Increase Costs By About £30m-£40m In 2027

Nov 12 (Reuters) - Persimmon PLC PSN.L:

• PERSIMMON PLC - Q3 TRADING STATEMENT

• PERSIMMON : ON TRACK TO DELIVER OUR 2026 PERFORMANCE IN LINE WITH MARKET EXPECTATIONS

• PERSIMMON : OUR PRIVATE FORWARD SALES POSITION HAS INCREASED 3% TO £2.15BN FOR PERIOD FROM 1 JULY 2026 TO 1 NOVEMBER 2026

• PERSIMMON : ANTICIPATE A MODEST RESTRUCTURING CHARGE IN CURRENT YEAR

• PERSIMMON : OUR SALES RATE SINCE 1 JULY INCREASED TO 0.79 NET PRIVATE SALES PER OUTLET PER WEEK

• PERSIMMON : ACTED TO IDENTIFY OPERATIONAL EFFICIENCIES WHICH ARE EXPECTED TO SUBSTANTIALLY MITIGATE ADDITIONAL COST HEADWINDS BY 2028

• PERSIMMON : INFLATIONARY PRESSURES ARE EXPECTED TO INCREASE COSTS BY C.£30M-£40M IN 2027

• PERSIMMON : LOOKING AHEAD TO 2027, WE EXPECT TO CONTINUE GROWING VOLUMES

• PERSIMMON : WE EXPECT MARKET CONDITIONS TO REMAIN CHALLENGING REFLECTING UNCERTAINTY OVER BUILD COSTS ARISING FROM CONFLICT IN MIDDLE EAST

• PERSIMMON : "WELL PLACED TO PLAY A LEADING ROLE IN DELIVERY OF 'YOUR FIRST HOME' SCHEME OVER TIME"

• PERSIMMON : SCHEME IS YET TO FORMALLY LAUNCH AND THEREFORE IT IS TOO EARLY TO ASSESS ITS POTENTIAL IMPACT ON 2027

Further company coverage: PSN.L