Crest Nicholson Holdings (CRST)

Sector:

Household Goods

Index:

FTSE 250

218.40p
   
  • Change Today:
    -5.20p
  • 52 Week High: 283.60
  • 52 Week Low: 172.10
  • Currency: UK Pounds
  • Shares Issued: 256.92m
  • Volume: 352,351
  • Market Cap: £561.11m
  • RiskGrade: 30

Crest Nicholson FY profits meet guidance

By Michele Maatouk

Date: Tuesday 17 Jan 2023

LONDON (ShareCast) - (Sharecast News) - Housebuilder Crest Nicholson said on Tuesday that full-year adjusted pre-tax profit was in line with its guidance as revenues and home completions rose despite a "more challenging" operating environment.
In its preliminary results for the year to the end of October 2022, the company said adjusted pre-tax profit pushed up to £137.8m from £107.2m a year earlier, with revenues up 16.1% to £913.6m. Meanwhile, home completions rose 13.6% to 2,734.

Profit after tax, however, tumbled to £26.4m from £70.9m the year before, dented by a £105m exceptional charge to cover the company's latest estimate of the cost of meeting its building safety pledge.

"The UK is clearly facing a challenging macroeconomic outlook in the near term," Crest Nicholson said.

"The board is cognisant of the uncertainty and headwinds the sector is currently facing, including rising interest rates and the declining mortgage availability. Accordingly, our immediate focus will be to deliver our strong forward order book and maintain a strong financial position.

"As we start 2023, there are signs of the resilience that has characterised the housing market through recent years. The cost of borrowing is starting to reduce and availability remains good for those with higher levels of equity. Demand for new homes is still strong as evidenced by our sales indicators and web traffic. Finally, inflation is forecast to have peaked and it is hoped will start to recede during 2023. We remain confident in the long-term fundamentals of the housing market."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

CRST Market Data

Currency UK Pounds
Share Price 218.40p
Change Today -5.20p
% Change -2.33 %
52 Week High 283.60
52 Week Low 172.10
Volume 352,351
Shares Issued 256.92m
Market Cap £561.11m
RiskGrade 30

CRST Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
78.62% above the market average78.62% above the market average78.62% above the market average78.62% above the market average78.62% above the market average
52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average52.00% above the sector average
Price Trend
9.36% below the market average9.36% below the market average9.36% below the market average9.36% below the market average9.36% below the market average
48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average48.15% below the sector average
Income
69.50% above the market average69.50% above the market average69.50% above the market average69.50% above the market average69.50% above the market average
27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average27.27% below the sector average
Growth
52.3% below the market average52.3% below the market average52.3% below the market average52.3% below the market average52.3% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average

What The Brokers Say

Strong Buy 4
Buy 1
Neutral 5
Sell 1
Strong Sell 1
Total 12
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

CRST Dividends

  Latest Previous
  Final Interim
Ex-Div 16-Mar-23 22-Sep-22
Paid 05-Apr-23 13-Oct-22
Amount 11.50p 5.50p

Trades for 31-Mar-2023

Time Volume / Share Price
16:35 243,511 @ 218.40p
16:35 887 @ 218.40p
16:35 19 @ 218.40p
16:35 3,042 @ 218.40p
16:35 38 @ 218.40p

CRST Key Personnel

CEO Peter Truscott

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