Crest Nicholson (CRST) Trading update summary

Trading performance

• Sales rate improved to 0.64 in the 10 weeks to 20 March, up from 0.61 in FY25.

• Customer enquiries have increased since mid-January, supporting sales momentum.

• No material trading impact observed yet from recent macroeconomic shocks, but risks are being monitored.

• Full-year guidance remains unchanged.

Strategic and operational progress

• Project Elevate has driven a shift toward a mid-premium, customer-focused developer model.

• Continued reshaping of the land bank, including a recent disposal from a larger site.

• Divisional restructuring completed, leading to greater operational efficiency.

• Ongoing investment in sales capability, digital tools, and customer engagement.

• Maintained HBF Five Star Housebuilder status, reflecting high customer satisfaction.

Upcoming events

• Half year results for the six months to 30 April will be reported on 11 June.