Persimmon Plc has this morning posted its Q3 trading update for July 1 to November 1, revealing a growing market share realised through "resilient" performance.
Despite the "challenging market", Persimmon saw trading in line with expectations, with private forward sales increasing 3% to £2.15billion against Q3 2025.
Its net private sales per outlet also rose 4% to 0.79 sales per week.
The announcement warned inflationary pressures are expected to increase costs by around £30million-£40million in 2027 which, together with higher financing costs, are expected to limit near-term profit progression.
However Persimmon has already identified actions that are expected to substantially mitigate these headwinds by 2028 and continues to invest in the capabilities that support long-term value creation.
Dean Finch, Group Chief Executive, commented: “We are pleased to have sustained our resilient performance in a challenging market, with our market share continuing to grow. Our clear strategy has allowed the Group to increase both sales and planning approvals at a time when the overall sector is declining. We expect to deliver another year of volume and profit growth, reflecting continued progress against our strategy and the strength of our three brands, product mix, national footprint and low-cost operating platform. We remain on track to deliver our 2026 performance in line with market expectations.
“We welcome the Government’s recognition of the affordability challenges facing homebuyers through its proposed ‘Your First Home’ scheme. While affordability and build-cost pressures persist across the sector, our disciplined approach to land buying, our outlet network, strong brands and increasingly vertically integrated platform position us well to navigate these challenges, support sustainable growth and drive returns.”