Springfield has confirmed a strong conclusion to FY21, with revenue and PBT expected to be ahead of previous expectations. This is the result of high demand across the business, particularly in private housing, which has been boosted further by land sales on two of Springfield’s larger developments. We upgrade our FY21 PBT forecast by 20% to £18m. This is well ahead of pre-COVID profitability (FY19: £16.5m), which we believe is the fastest recovery in the sector. We also factor in a significant ....
01 Jun 2021
Strong end to FY21 – PBT above pre-COVID levels
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strong end to FY21 – PBT above pre-COVID levels
Springfield Properties PLC (SPR:LON) | 95.0 -3.3 (-3.6%) | Mkt Cap: 112.7m
- Published:
01 Jun 2021 -
Author:
James Tetley | Greg Poulton -
Pages:
4
Springfield has confirmed a strong conclusion to FY21, with revenue and PBT expected to be ahead of previous expectations. This is the result of high demand across the business, particularly in private housing, which has been boosted further by land sales on two of Springfield’s larger developments. We upgrade our FY21 PBT forecast by 20% to £18m. This is well ahead of pre-COVID profitability (FY19: £16.5m), which we believe is the fastest recovery in the sector. We also factor in a significant ....