Crest Nicholson expects its 2021 profit to come in ahead of consensus after “strong progress” across its business.
The housebuilder said adjusted pretax profit for the year was likely to be around £85m, ahead of the current consensus of £74.3m.
“The UK housing market has remained resilient to the impacts of Covid-19 and is set to benefit from the measures recently outlined in the Budget, including the extension of the stamp duty holiday and the introduction of government-backed 95% mortgages,” the company’s trading update read.
It added that sales rates and its order book were both up year-on-year.
Crest Nicholson is set to publish results for the six months ending 30 April on 23 June.
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