News

Persimmon homes names David Jenkinson as new chief executive

Persimmon homes do not seem to be suffering like many other house builders as they announce s annual pre-tax profits of over £1 Billion for the first time, making them the leader in profit terms in this sector, with turnover approaching £4 Billion.

 

They chose today to also announce their new CEO, he is David Jenkinson, the housebuilder’s former managing director. He announced an operating profit of £1.08billion, an operating margin of 29%, and a pre-tax profit margin of 13% at £1.09billion.

 

They chose today to also announce their new CEO, he is David Jenkinson, the housebuilder’s former managing director. He announced an operating profit of £1.08billion, an operating margin of 29%, and a pre-tax profit margin of 13% at £1.09billion.

 

David Jenkinson stated “A wide range of projects to improve customer satisfaction commenced in late 2018 and the initial results have been encouraging, giving us confidence in our ability to make progress in this important area, whilst also ensuring that the group delivered another year of growth.

 

On Brexit

Persimmon said it was not unduly concerned about the forthcoming changes Brexit may bring, as customer enquiries in the first 6 weeks of 2019 had proved resilient. Stating that with Employment levels high, interest rates low, good Mortgage deals and a shortage of housing stock, demand was likely to continue to be strong in the near future. For professional advice on all Building projects or to instruct a Builder in Poole, call Arch Construction on 01202 980030.