Q4 2023 Persimmon PLC Trading Statement Call Transcript
Good morning, everybody, and thank you for joining the call this morning. As usual, I'm joined by Mike Julia I am Vicky. I'll spend a moment or two to talk through the key points in this trading update before opening up to Q&A.
Operational delivery was excellent as good as we've ever seen, and trading in Q4 was robust, which has allowed us to report legal completions 9,922 for 2023, ahead of our previous guidance. This includes [790] bulk sales for the year compared with 889 for 2022. We achieved an ASP. for the year of GBP255,750, 3% up on the previous year, we closed the year with cash of GBP420 million.
We expect to be reporting a housing margin of 14% for the year after providing some one-off costs that totalled GBP15.5 million. We have taken a charge of GBP6.8 million in order to remediate defective materials and close sites in coal and in the COTS wells. We have also reviewed our full portfolio of sites and raised a charge of GBP8.7 million in respect to where we have taken the decision to exit early one through a land sale and one to an historic
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
