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Sparks commentary

Industrials

Sparks

MJ Gleeson (LSE: GLE) – Upbeat AGM statement
Published by Andy Murphy

Net reservations, excluding bulk sales, increased from 0.41 to 0.47 in the four months to 1 November, despite a flat market in the autumn. That said, the outlook is improving and Gleeson anticipates a better H2 than H1, with the opening 27 new sites this year compared to just four in FY24. Gleeson Land is also expected to achieve materially better results this year than last, benefiting from strong demand for consented land from large and medium-sized housebuilders.

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