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Housing Today
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Gleeson margins take up to 2% hit
Housebuilder’s chief executive Graham Prothero blames “older Gleeson” for additional costs that are squeezing profits
Housebuilder and land trader Gleeson has revealed that its full year gross margins are falling below expectations by between 1.5% to 2% as it battles “legacy issues”.
In a trading update for the half-year ending 31 December 2023, it was revealed that Gleeson Homes completed the sale of 769 homes, 14% fewer than the same period in 2022.
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