Crest Nicholson Holdings (GB:CRST) has released an update.
Crest Nicholson Holdings reported its FY24 performance aligned with expectations, despite challenges from affordability issues affecting private sales. The company is focusing on enhancing cash management, which led to better-than-expected net debt levels, and is preparing for a strategic transition in FY25 to boost value over volume. An improved economic landscape and government support are anticipated to benefit the housebuilder moving forward.
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