Gleeson’s FY20 outturn was in line with expectations (forecasts reintroduced in July), reflecting the impact of the COVID lockdown on the fourth quarter. FY21 began with a record order book and demand remains strong, reflecting the quality and affordability of Gleeson’s homes. The 2,000 home target has been reiterated for FY22 and, for Strategic Land, there are signs that housebuilders are returning to the market. Gleeson has a unique offering and, in our view, is well positioned
14 Sep 2020
Rebuilding momentum, strong start to FY21


Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Rebuilding momentum, strong start to FY21
MJ Gleeson PLC (GLE:LON) | 737 -206.4 (-3.6%) | Mkt Cap: 429.3m
- Published:
14 Sep 2020 -
Author:
James Tetley -
Pages:
3 -
Gleeson’s FY20 outturn was in line with expectations (forecasts reintroduced in July), reflecting the impact of the COVID lockdown on the fourth quarter. FY21 began with a record order book and demand remains strong, reflecting the quality and affordability of Gleeson’s homes. The 2,000 home target has been reiterated for FY22 and, for Strategic Land, there are signs that housebuilders are returning to the market. Gleeson has a unique offering and, in our view, is well positioned