Persimmon plc – From Recovery To Growth
Persimmon plc (LON:PSN) (OTCMKTS:PSMMY), one of the UK’s leading home builders today released a trading update covering the first quarter of the year.Q1 2021 hedge fund letters, conferences and more Persimmon is moving swiftly from an initial post-lockdown recovery and onto real growth with sales rates tracking well ahead of pre-pandemic levels.The group’s forward order book stands at c. £3.0bn, 23% ahead of last year, and 11% ahead of 2019’s level.Selling prices are edging higher, at an average of c. £252,000 (2020 – c. £244,500) and the group is accelerating its build rates to keep up with d...