
17 Feb 2025
PROGRESSIVE: Springfield Properties - Profits head north. Debt heading south.
FY25 profit will be ‘significantly ahead of market expectations’, according to Springfield’s interim results, while debt over our three-year forecast period will fall substantially, then move to a net cash position. This comes with a sweeping redirection of Scotland’s only listed housebuilder’s operations to the rapidly growing North of Scotland, starting with a major sale agreement announced today with Barratt Redrow for land in Central Scotland.

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PROGRESSIVE: Springfield Properties - Profits head north. Debt heading south.
Springfield Properties PLC (SPR:LON) | 97.0 0 0.0% | Mkt Cap: 115.5m
- Published:
17 Feb 2025 -
Author:
Alastair Stewart -
Pages:
11 -
FY25 profit will be ‘significantly ahead of market expectations’, according to Springfield’s interim results, while debt over our three-year forecast period will fall substantially, then move to a net cash position. This comes with a sweeping redirection of Scotland’s only listed housebuilder’s operations to the rapidly growing North of Scotland, starting with a major sale agreement announced today with Barratt Redrow for land in Central Scotland.