Information  X 
Enter a valid email address

MJ Gleeson Plc (GLE)

  Print          Annual reports

Tuesday 11 January, 2022

MJ Gleeson Plc

Notice of Results & Trading Update

RNS Number : 9962X
MJ Gleeson PLC
11 January 2022
 

MJ Gleeson plc

(GLE.L)

Notice of Results & Trading Update

("the Company" or "the Group")

 

MJ Gleeson plc, the low-cost housebuilder and land promoter, will report results for the half-year ended 31 December 2021 on Thursday, 10 February 2022. A presentation to analysts, which will also be webcast, will be held at 9:00am.

Gleeson Homes performed well during the half-year to 31 December 2021 completing the sale of 932 homes, 14.9% more than the pre-Covid half-year to 31 December 2019 of 811 homes and just 2.0% fewer than the 951 homes sold during the half-year to 31 December 2020 (which was flattered by the carry-over of delayed completions from the first Covid lockdown at the end of the previous financial year).

Demand for our low-cost homes remains strong. Our customers continue to find the cost of owning a Gleeson home significantly lower than the cost of renting. A young couple on the National Living Wage can afford to buy a Gleeson home on any one of the Company's sites.

Land continues to be available at sensible prices. Gleeson Homes opened 8 new build sites during the half-year to 31 December 2021 and anticipates opening a total of 25 sites during the full year to 30 June 2022.

The Board re-affirms its target of delivering 2,000 homes in the year to June 2022.

Gleeson Land sold three sites during the half-year to 31 December 2021, reflecting the continued strong demand for high quality consented land from medium and large housebuilders.

Given the continued strong demand for Gleeson Homes and the positive start made by Gleeson Land, the Board expects the Group's results for the full year to 30 June 2022 to be in line with market expectations.

 

This announcement is released by MJ Gleeson plc and contains inside information for the purposes of Article 7 of the Market Abuse Regulation (EU) 596/2014 (MAR), and is disclosed in accordance with the Company's obligations under Article 17 of MAR. Upon the publication of this announcement, this information is considered to be in the public domain.

For the purposes of MAR and Article 2 of Commission Implementing Regulation (EU) 2016/1055, this announcement is being made on behalf of the Company by Stefan Allanson, Chief Financial Officer.

LEI: 21380064K7N2W7FD6434

Enquiries:

MJ Gleeson plc    Tel: +44 1142 612 900

James Thomson  Chief Executive Officer 

Stefan Allanson  Chief Financial Officer

 

Hudson Sandler  Tel: +44 20 7796 4133

Mark Garraway                                                           Tel: +44 7771 860 938

Charlotte Cobb                                                           Tel: +44 7795 422 131

 

Singer Capital Markets  Tel: +44 20 7496 3000

Shaun Dobson

Rachel Hayes

 

Liberum  Tel: +44 20 3100 2222

Neil Patel

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our Privacy Policy.
 
END
 
 
TSTGPUUPGUPPPUU

a d v e r t i s e m e n t