MJ Gleeson PLC Notice of Results & Trading Update (1565L)
January 11 2021 - 2:00AM
UK Regulatory
TIDMGLE
RNS Number : 1565L
MJ Gleeson PLC
11 January 2021
MJ Gleeson plc
(GLE.L)
Notice of Results & Trading Update
MJ Gleeson plc, the low-cost housebuilder and strategic land
specialist, will report results for the half-year ended 31 December
2020 on Thursday, 11 February 2021. A video presentation to
analysts followed by Q&A will be held at 9:00am.
Gleeson Homes completed the sale of 951 units during the period,
an increase of 17.3% on the previous first half-year's total of 811
units. The division is on track to deliver full year unit
completions at least in line with expectations.
We continue to see strong demand for our low-cost homes. The
division opened 17 new sites during the first half-year and expects
to open at least another 10 sites during the second half. By the
end of the financial year the division expects to be actively
building on approximately 80 sites and actively selling on at least
65 sites.
All sites are Covid-secure, remain open for construction and
sales, and are operating in line with the most recent government
lockdown requirements.
The Board re-affirms its target of delivering 2,000 units per
annum in the year to June 2022.
Gleeson Strategic Land sold four sites during the first
half-year. With stronger demand for high quality consented land
from medium and large housebuilders the division is actively
progressing the sale of a further four sites.
Given the strong demand in Gleeson Homes and the progress made
by Gleeson Strategic Land the Board expects the Group's results for
the full year to 30 June 2021 to be at least in line with
expectations.
11 January 2021
This announcement contains inside information. The person
responsible for arranging the release of this announcement on
behalf of the company is Stefan Allanson, Chief Financial
Officer.
LEI: 21380064K7N2W7FD6434
Enquiries:
MJ Gleeson plc Tel: +44 1142 612 900
James Thomson Chief Executive Officer
Stefan Allanson Chief Financial Officer
Instinctif Partners Tel: +44 20 7457 2020
Mark Garraway
Rosie Driscoll
N+1 Singer Tel: +44 20 7496 3000
Shaun Dobson
Hannah Woodley
Liberum Tel: +44 20 3100 2222
Neil Patel
Richard Bootle
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END
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