Persimmon Plc - Company Profile

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Persimmon Plc: Segment Analysis

Business Description

Persimmon Plc (Persimmon) is a home builder. It designs and constructs residential buildings such as apartments, bungalows, semi-detached houses, social housing and studio apartments. The company also provides land development services. At the end of FY2022, the company recorded an order book of 2,868 affordable housing units for sale. The company develops homes under three brands: Persimmon Homes, Charles Church and Westbury Partnerships. Under the Persimmon Homes brand, the company develops traditional family homes from studio apartments to large family houses in more than 380 locations in the UK. In FY2022, the company, under the Persimmon Homes brand, sold 11,282 homes at an average selling price of GBP262,461. In FY2022, the Persimmon Homes brand generated revenue of GBP2,961 million and accounted for 80% of the company’s revenue. The company’s Charles Church brand develops and sells traditional and modern style premium homes in premium locations in the UK. In FY2022, the company under the Charles Church brand sold 892 housing units at an average selling price of GBP395,460. In FY2022, the Charles Church brand generated revenue of GBP353 million and accounted for 10% of the company’s revenue. Through Westbury Partnerships brand, the company develops and delivers social homes for housing associations. In FY2022, the company, under the Westbury Partnerships brand, sold 2,694 housing units at an average selling price of GBP142,017. In FY2022, the Westbury Partnerships brand generated revenue of GBP383 million and accounted for 10% of the company’s revenue. Persimmon also produces and supplies timber frames, insulated wall panels and roof cassettes under Space4 brand. The company under Brickworks brand produces and supplies concrete bricks, which has a capacity to produce 80 million bricks per annum. In FY2022, this facility supplied 53 million bricks to the company’s operations. The company is also developing a concrete roof tile manufacturing plant under the Tileworks brand, which is planned to start deliveries in the spring of 2022. The company also provides ultrafast fibre broadband service under FibreNest brand. In FY2022, the company sold 14,868 homes at an average selling price of GBP248,616. As of December 31, 2022, the company owned a total land bank of 87,190 plots. Since 2013, the company has invested GBP5.4 billion in new land and delivered 146,121 homes.

Business Segments

Performance

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Performance

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Performance

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