Persimmon has seen its improved rate of sales continue into the autumn according to the firm’s third quarter interim management statement covering the period from 1 July to 16 November 2009.
The company expects to legally complete 9,000 homes for the year ending 31 December 2009.
Persimmon also said that it had driven down its debt from £960 million on 31 October 2008, to £399 million on 31 October 2009.
“Whilst we remain concerned about the potential impact on our markets of any significant increase in unemployment over the coming months, debt is reducing well ahead of our previous guidance, sales volumes have stabilised and pricing conditions are currently more positive,” the housebuilder said.
Source: Housebuilder
See Also: Property News (6680), Persimmon (5), Persimmon Homes (6), Housebuilder (84)
Date Published: 16 November 2009
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