Interim report
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HALF YEAR RESULTS FOR THE SIX MONTHS ENDED 30 JUNE 2021 Strong trading performance ; positive outlook reaffirmed ; creating sustainable value Persimmon Plc today announces its half year results for the six months ended 30 June 2021 . Dean Finch , Group Chief Executive , said : " Persimmon's first half performance has been robust . In particular , I am pleased we have delivered strong growth in legal completions whilst also achieving higher levels of build quality and customer satisfaction . Persimmon Together , we make a home . " We made good progress in the land market in the period , bringing over 10,000 plots of high quality land into the business , achieving good visibility of new outlet openings and providing momentum for our future growth . With c . 85 new outlets opening in the second half of the current year , we are improving availability and choice for our customers . " We're managing the balance of inflationary pressures well and currently anticipate that our industry leading returns will remain resilient . Our forward sales position is c . 9 % ahead of the same point in 2019 , with our cumulative private sales rate over 20 % above that of 2019 for the year to date . " I would like to thank all my colleagues across the business who have achieved these results . " Persimmon's high quality land holdings , disciplined land replacement strategy , healthy liquidity , experienced management team and continued resolve to drive improvements in build quality and customer service provide an excellent platform for its future success . " Our ambition is to be seen by our customers as delivering both outstanding service and outstanding value . I am determined to build on the progress we have made and enhance our capability to consistently provide high quality homes which will help secure sustainable benefits for all of our stakeholders . " We anticipate successfully delivering c . 10 % growth in sales completions this year . The Group has a great platform and good momentum to deliver further ciplined growth into the medium term , creating value for all . " Highlights New home completions New home average selling price Total Group revenues New housing operating margin² Profit before tax Cash at 30 June Current forward sales position Current customer satisfaction score³ Dividend ( per share ) H1 2021 7,406 £ 236 , 199 £ 1.84bn 27.6 % £ 480.1m £ 1.32bn £ 2.23bn 91.9 % 125p ( March 2021 ) 110p ( August 2021 ) H1 2020 4,900 £ 225,066 £ 1.19bn 26.6 % £ 292.4m £ 0.83bn £ 2.48bn 89.6 % 40p ( September 2020 ) 70p ( December 2020 )