Persimmon Plc (PSMMY) Q3 2026 Sales/Trading Call November 12, 2026 4:00 AM EST
Company Participants
Dean Finch – Group Chief Executive & Executive Director
Andrew Duxbury – CFO & Executive Director
Conference Call Participants
Zaim Beekawa – JPMorgan Chase & Co, Research Division
William Jones – Rothschild & Co Redburn, Research Division
Christopher Millington – Deutsche Bank AG, Research Division
Ami Galla – UBS Investment Bank, Research Division
Arnaud Lehmann – BofA Securities, Research Division
Lewis Roxburgh – Goodbody Stockbrokers UC, Research Division
Rebecca Parker – Goldman Sachs Group, Inc., Research Division
Aynsley Lammin – Investec Bank plc, Research Division
Glynis Johnson – Jefferies LLC, Research Division
Presentation
Operator
Good day, and thank you for standing by. Welcome to the Persimmon Q3 Trading Update Conference Call. [Operator Instructions] Please be advised that today’s conference is being recorded. I would now like to hand the conference over to your speaker today, Dean Finch. Please go ahead.
Dean Finch
Group Chief Executive & Executive Director
Thank you. Good morning, everybody, and thank you for joining us. Whilst the trading environment over the summer has been very challenging, I am nevertheless pleased with the progress we have made. And in particular, I want to thank my brilliant colleagues at Persimmon, who I think have done an outstanding job in the circumstances.
I think good product positioning and good product availability has helped us grow sales against a declining market. Incentives are broadly the same as when we spoke to you over the summer and private pricing is up about 2% on this time last year. I think this validates our strategy of over a number of years, investing in our land, our brand and our factories, whilst keeping our costs of build as low as possible. I’m also particularly pleased with our progress on planning with approvals up 12% year-to-date versus the same period last year. This will translate