
02 Jul 2019
Strong conclusion to FY19, well placed for continued growth
Springfield has confirmed a strong conclusion to FY19, in line with expectations. Scottish housing market conditions remain positive with good demand in both private and affordable/ social housing sectors. The year end update highlights strong sales rates, sustained prices and an improvement in gross margins in line with management’s targets. Good progress is being made on the Villages, notably at Dykes of Gray (Dundee) and Bertha Park (Perth). We make no changes to forecasts, which show Springf ....

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Strong conclusion to FY19, well placed for continued growth
Springfield Properties PLC (SPR:LON) | 100 0 0.0% | Mkt Cap: 119.6m
- Published:
02 Jul 2019 -
Author:
Singer CM Team -
Pages:
3 -
Springfield has confirmed a strong conclusion to FY19, in line with expectations. Scottish housing market conditions remain positive with good demand in both private and affordable/ social housing sectors. The year end update highlights strong sales rates, sustained prices and an improvement in gross margins in line with management’s targets. Good progress is being made on the Villages, notably at Dykes of Gray (Dundee) and Bertha Park (Perth). We make no changes to forecasts, which show Springf ....