(Reuters) -British homebuilder Persimmon forecast higher home completions in 2026 on Wednesday, after first-half profit beat market expectations as demand from private buyers picks up.
However, the company warned that margin growth could be constrained by costs and persistent affordability challenges in the market due to a sluggish UK economy and sticky inflation.
Persimmon, which is more exposed to first-time buyers compared to its major peers, said it expects to deliver around 12,000 homes in 2026.
It reiterated its target of delivering between 11,000 and 11,500 homes in 2025.
Underlying pre-tax profit for the first half ended June 30 was at 164.9 million pounds, compared with analysts’ consensus of 161.1 million pounds, according to a company-compiled poll.
(Reporting by Raechel Thankam Job in Bengaluru; Editing by Rashmi Aich)
