Q3 2023 Persimmon PLC Trading Statement Call Transcript
Good day, and thank you for standing by. Welcome to the Persimmon Plc Third Quarter Trading Update Conference Call. (Operator Instructions) Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Dean Finch. Please go ahead.
Good morning, everybody, and thank you for joining us. As usual, I'll say a few words at the top of the call, and then I'll throw out to any questions you might have.
So just picking out the key points from our release this morning. Pleased that profit and cash are in line with expectations and margin is in line with the first half. Clearly, margin has been affected this year by the long shadow of 8% to 9% build cost inflation, and we're seeing the impact of the widening incentives, albeit, I think we have on average pretty low incentives compared to the industry.
The business is clearly benefiting from the actions to improve build quality and service, also to
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