UK housebuilder Persimmon expects full-year profits to be slightly ahead of forecasts, as the healthy demand for new homes continues.
Revenues at the group rose 9% to £3.42 billion in 2017, with completion volumes growing 6% to 16,043. The group’s average selling price increased by 3% to £213,300.
Persimmon said that it experienced healthy customer demand for new homes through the autumn sales season, with the value of its forward sales book standing at £1.35 billion, 10% ahead of 2016.
As a result, the firm said that it anticipates pre-tax profits for the year to come in “modestly ahead of market consensus”.
Persimmon added: “The group continues to pursue disciplined high-quality growth in its regional markets in support of the Government’s desire to increase housing supply across the UK.
“We remain mindful of market risks including those associated with the uncertainty arising from the UK leaving the EU.
“However, we are keen to deliver further improvement in our housing output and remain ready to invest wherever the local planning environment is supportive.”