Today’s update confirms that the Group made strong progress in both the Private and Affordable Housing divisions in the first half of the year. The Group continues to trade in line with expectations and it expects to declare an interim dividend. We are forecasting PBT growth of 35% in the current year and over the next three years we expect Springfield to grow at more than twice the pace of its peer group. We expect earnings momentum set against a supportive market backdrop to underpin continued share price performance. In our view, Springfield represents a high quality, high growth and differentiated proposition led by an impressive management team.
