Persimmon shares rose following a margin beat and the reaffirmation of guidance.

The UK housebuilder has lifted its full-year outlook. Persimmon plans to complete 12,500 new homes by year-end, a figure at the upper reach of its previous guidance.

15% increase

Persimmon pre-tax profits for the first six months of the year

Pre-tax profits for the company rose by 15% to £168m during the first six months of the year. During the same period, the number of homes built by Persimmon rose by 13%.

The company has taken management actions to secure cost savings, including procurement savings, specification optimisation, house-type design, overhead savings, and operational efficiencies.

Market Outlook and Challenges

Persimmon stated that the UK housing market continues to face a long-term undersupply of housing alongside affordability challenges for new homeowners.

Well-placed to drive further growth through our unique set of capabilities
— Persimmon

The company expects additional inflationary pressure in 2027, citing factors including the conflict in the Middle East.