REG - MJ Gleeson Plc - Notice of Results and Trading Update

MJ GLEESONAnnouncement

07/01/2019 07:05

RNS Number : 2881M
MJ Gleeson PLC
07 January 2019
 


MJ Gleeson plc
(GLE.L)
 
Notice of Results & Trading Update
 
MJ Gleeson plc (GLE.L), the low-cost housebuilder and strategic land specialist, will report results for the half-year ended 31 December 2018 on Thursday, 14 February 2019.  There will be a presentation to analysts at 9:00am at Instinctif Partners, 65 Gresham Street, London, EC2V 7NQ.
Gleeson Homes completed the sale of 691 units during the period, an increase of 16.5% on the previous first half-year's total of 593 unit completions.
We continue to see strong demand for our low-cost homes, supporting both increased build activity on existing sites and the opening of new sites across our target geographic area. Our two pilot offices in Penrith and Ashington recently became fully-staffed area offices. Our target market remains strong and our customers have maintained their confidence. We do not see any signs of customer caution.
Gleeson Strategic Land sold three sites, the same number as the previous first half-year. These were larger sites and will lead to the division's half-year results being considerably higher than those of the prior year comparable period.
The Board expects the Group's results for the half-year to be significantly ahead of those of the previous first half-year and results for the full year to 30 June 2019 to be at least in line with expectations.
 
7 January 2019
 
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




Jolyon Harrison


Chief Executive Officer








Stefan Allanson


Chief Financial Officer






















Instinctif Partners






Tel: +44 20 7457 2020




Mark Garraway












James Gray












Rosie Driscoll


























N+1 Singer






Tel: +44 20 7496 3000




Shaun Dobson












Rachel Hayes


























Liberum






Tel: +44 20 3100 2222




Neil Patel












Richard Bootle











 




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