Crest Nicholson Holdings PLC AGM Statement (5231I)
March 22 2018 - 3:00AM
UK Regulatory
TIDMCRST
RNS Number : 5231I
Crest Nicholson Holdings PLC
22 March 2018
Crest Nicholson Holdings plc
AGM STATEMENT
Crest Nicholson Holdings plc (the "Company") holds its 2018
Annual General Meeting today at Brooklands Hotel, Weybridge, Surrey
starting at 10.30 a.m., where the Group's Chairman, William Rucker,
will provide the following statement:
"The Board is pleased to report that the trading environment
highlighted at the preliminary results announcement in January
continues to be generally robust with good sales growth across our
areas of operation. Demand for new homes continues to be strong
underpinned by high levels of employment and Government policies to
improve access to housing; levels of sales price inflation have
moderated which is also helping to maintain affordability for
purchasers.
In line with expectations, total forward sales contributing to
the current financial year, including completions year to date, at
GBP620m are 15% higher than the GBP541m achieved at the same point
last year; cumulative open-market forward sales revenues (excluding
PRS) of GBP342mm are 10% higher. The Company's expansion of the
Chiltern and Midlands divisions continues with the current number
of sales outlets, at 55, some 12% higher (2017: 49) and further
outlet openings planned over the coming months.
The robust sales outlook, combined with the actions that the
business is taking to expand its operational footprint, underpin
the Board's confidence that the Company will continue to deliver on
its stated growth objectives".
For further information, please contact:
Kevin Maguire
Company Secretary
Crest Nicholson Holdings plc
+44 (0) 1932 580 555
22 March 2018
This information is provided by RNS
The company news service from the London Stock Exchange
END
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