Persimmon Plc (PSN) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Right, good morning everybody. It's 9 o'clock, so I'll make a start. Thank you for joining us today. Thank you for joining Andrew and I. I've also got Liam here. As you know, Liam has taken over from Ian along with Chris. Unfortunately, Chris is on holiday. Well, fortunately, Chris is on holiday for Chris, so he's a happy boy. But you can catch up with Liam and the rest of us later. So, I'm pleased to be presenting a strong first half performance. These results again confirm that Persimmon is delivering growth today while building a larger, stronger and higher return business for the future. We've increased volumes, grown market share and strengthened our operational platform. And we've done that whilst also continuing to invest in land, outlets and capabilities that will support long-term value creation. Although the market remains challenging, we're responding from a position of strength, including with our typical self-help and we remain confident in our medium term ambitions. So let me start with the strategic context and highlights from the first half before handing over to Andrew. You've seen this slide before. Our strategy remains consistent and it's clearly delivering. At its core, this is about building a differentiated business that can grow sustainably through the cycle. We have a high quality land bank and a growing outlet platform, giving us the visibility and the ability to increase volumes over time. We have three strong and growing brands, each serving distinct customer segments and giving us more routes to more markets. and we've made significant progress on build quality and customer service, strengthening our reputation and supporting sales. We continue to invest in innovation and our vertical integration. That improves efficiency, resilience and c...