Springfield has released a strong H1 update, confirming a continuation of recent momentum through the first half. This has been driven by the rebound in sales and build activity in private housing post lockdown. Cash generation has been excellent with net debt halving in six months to £34m at the end of November. A strong forward order book on both sides of the business underpins full year expectations, whilst the ongoing development of the Villages (including the recent planning consent for PRS ....
15 Dec 2020
Strong trading and cash generation
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Strong trading and cash generation
Springfield Properties PLC (SPR:LON) | 94.0 -2.4 (-2.6%) | Mkt Cap: 111.5m
- Published:
15 Dec 2020 -
Author:
James Tetley | Greg Poulton -
Pages:
3
Springfield has released a strong H1 update, confirming a continuation of recent momentum through the first half. This has been driven by the rebound in sales and build activity in private housing post lockdown. Cash generation has been excellent with net debt halving in six months to £34m at the end of November. A strong forward order book on both sides of the business underpins full year expectations, whilst the ongoing development of the Villages (including the recent planning consent for PRS ....