Persimmon PLC (LSE:PSN)
£ 14.135 0.18 (1.28%) Market Cap: 4.55 Bil Enterprise Value: 4.13 Bil PE Ratio: 17.92 PB Ratio: 1.33 GF Score: 80/100
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Full Year 2022 Persimmon PLC Earnings Call Transcript

Mar 01, 2023 / 09:00AM GMT
Release Date Price: £12.78 (-12.05%)
Dean Kendal Finch
Persimmon Plc - Group Chief Executive & Executive Director

All right. Good morning. Sorry to interrupt the party. I know it was probably far more entertaining than what we're about to speak about, but that is what we are here paid to do. So anyway, good morning, and thank you for joining us. I'll just say, as usual, a few words at the beginning before diving into the script. And look, 2022 was a great year for Persimmon. Of course, 2023 will be a challenging year. But as 2022 shows, Persimmon is a great business with a fantastic team, and I'm completely confident about our prospects for longer-term success, which I'll say more on that later.

But let me start with 2022, which saw us produce a very strong performance. We've combined industry-leading financial results with 5-star quality for the first time in our history. And I'm really proud of the hard work of my colleagues across the business to achieve this. Our completions were at the higher end of expectations, up 15% in the second half of the year. Average selling prices were 5% higher. Crucially, we've achieved this

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