Persimmon expands output at off-site factories

Production at its BrickWorks plant is set to grow 20% this year while Persimmon’s TileWorks factory is on course for a 40% jump in output.

The Space4 timber frame factory enjoyed a 20% rise in its forward order book with pre-application plans in to build another plant as timber frame was used on 35% of homes delivered by Persimmon.

The growing importance of offsite manufacturing was highlighted in latest half-year results for the six months to June 30 2022 which revealed pre-tax profits of £439.7m from £480.1m last time at a gross margin of 31% as turnover dipped to £1.69bn from £1.84bn.

Persimmon completed 6,652 homes during the period while returning £750m to shareholders.

Group Chief Executive Dean Finch said: “Expanded production in our own brick, tile and timber frame factories, is further enhancing our supply resilience and cost efficiency, enabling us to re-iterate our guidance of 14,500 – 15,000 legal completions for the full year.

It is by strengthening this proposition further that we will achieve our ambition of becoming Britain’s best homebuilder for both customers and shareholders, consistently delivering high quality homes, excellent customer service and industry-leading financial returns.”

Leave a comment