Springfield has reported record results for FY22, delivering 13% growth in PBT to £20.8m. Private Housing (77% of FY22 gross profit) continues to trade strongly, with excellent visibility over FY23, whilst the smaller Affordable and Contract Housing segments are responding to market challenges, outside of the Group’s control. Having rebased our forecasts to reflect this (PBT estimates reduced by 9%/8% for FY23/FY24), we still expect double digit profit growth across the forecast period, which is ....
20 Sep 2022
Record results, navigating industry headwinds
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Record results, navigating industry headwinds
Springfield Properties PLC (SPR:LON) | 97.5 0 0.0% | Mkt Cap: 115.7m
- Published:
20 Sep 2022 -
Author:
James Tetley -
Pages:
3
Springfield has reported record results for FY22, delivering 13% growth in PBT to £20.8m. Private Housing (77% of FY22 gross profit) continues to trade strongly, with excellent visibility over FY23, whilst the smaller Affordable and Contract Housing segments are responding to market challenges, outside of the Group’s control. Having rebased our forecasts to reflect this (PBT estimates reduced by 9%/8% for FY23/FY24), we still expect double digit profit growth across the forecast period, which is ....