REG - Crest Nicholson Hdgs - Trading Statement

Crest Nicholson HoldingsAnnouncement

Today 07:00

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RNS Number : 9714X  Crest Nicholson Holdings PLC  25 March 2026

Crest Nicholson Holdings plc

(the 'Company', 'Group' or 'Crest Nicholson')

 

AGM Trading Update

 

Crest Nicholson Holdings plc is holding its Annual General Meeting ('AGM') at
10.30 a.m. today, 25 March and provides the following trading update:

Following the weak trading conditions in the second half of the 2025 calendar
year, the Group has seen a sustained improvement in the sales rate since the
middle of January, supported by encouraging levels of customer enquiries. In
the 10-week period to 20 March, the open market sales rate (excluding bulk)
was 0.64 (FY25 0.61) and guidance for the year remains unchanged.

The Group is yet to see any material trading impact from the wider
macroeconomic shock of recent weeks but is alert to the potential risks and
will respond accordingly to any changes in the trading environment.

Strategic update

One year on from announcing the new strategy, Project Elevate, at our Capital
Markets Day, we have made strong progress repositioning the business from a
volume housebuilder to a mid-premium, customer-focused developer. The strategy
remains focused on delivering high-quality homes, driving operational
excellence, and maximising the value of our land bank to support sustainable
growth and improved returns.

Progress has continued in reshaping the land bank with one further land
disposal from a larger site so far in this financial year.

Operationally, improved processes and governance are driving greater
efficiency with the divisional restructuring announced in November now
completed.

Customer experience remains a key focus, with continued investment in our
sales capability, digital tools, and customer engagement. The Group has
continued to drive higher levels of customer satisfaction and has maintained
its HBF Five Star Housebuilder status.

The Group will report its half year results for the six months to 30 April on
Thursday 11 June.

 

For further information, please contact:

Crest Nicholson

Jenny Matthews, Head of Investor
Relations                               +44 (0)
7557 842720

Teneo

James Macey White / Ollie Simmonds
                                    +44 (0)
20 7353 4200

 

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