The UK’s second-largest homebuilding company, Persimmon PLC., Expects higher margins for 2021 as demand for new homes remains strong, with Jason Windsor of Aviva as chief financial officer.
The preference for larger homes, suitable for remote work, cheap loans and an extended tax exemption that expired in September, have kept the UK housing market, which does not have enough housing supply, in the face of the pandemic.
Housing prices have helped construction companies cope with cost pressures from supply chain and labor market problems caused by Brexit and the coronavirus crisis.
Persimmon said it expects the 2021 operating margin to reach 28%, 0.4% higher than the same period last year.
Revenue rose 8.4% to 3, 3.61 billion ($ 4.95 billion) in the 12 months to December 31, as the company built 14,551 new homes, up from 13,575 a year ago.
The company also announced that Windsor, who was the financial director of Aviva Insurance, is expected to join British construction in the summer.
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Source From: Capital
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