Gleeson's AGM update confirms a very positive start to the year. Gleeson Homes has delivered sales growth of over 20% in the first five months, while Gleeson Strategic Land has performed significantly ahead of the prior year. The market backdrop remains highly supportive following the pro-housing Autumn Statement and ahead of the introduction of the National Living Wage, which will benefit Gleeson's customers. We upgrade current year PBT forecasts by 9%, implying 17% growth year on year, and bel ....

11 Dec 2015
Shaping up for another year of outperformance

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Shaping up for another year of outperformance
MJ Gleeson PLC (GLE:LON) | 352 -31.7 (-2.5%) | Mkt Cap: 206.0m
- Published:
11 Dec 2015 -
Author:
Singer CM Team -
Pages:
5 -
Gleeson's AGM update confirms a very positive start to the year. Gleeson Homes has delivered sales growth of over 20% in the first five months, while Gleeson Strategic Land has performed significantly ahead of the prior year. The market backdrop remains highly supportive following the pro-housing Autumn Statement and ahead of the introduction of the National Living Wage, which will benefit Gleeson's customers. We upgrade current year PBT forecasts by 9%, implying 17% growth year on year, and bel ....