Persimmon continues to perform well in very difficult trading conditions. During 2008 we restructured our business significantly to reflect the most challenging period encountered in the housing market in recent history. Our experienced management team continues to focus on the basic disciplines of keeping costs to a minimum, conserving cash and reacting quickly to the market challenges as they occur.
The Group’s Preliminary Results for the year ended 31 December 2008 were announced on 3 March 2009.
We have recently agreed new and amended credit facilities with our banking partners and private loan note holders to provide further stability as we move forward through these difficult market conditions.
We are confident that the measures we have taken, together with our new credit facilities place Persimmon in a strong position to move forward whenever the market improves.