Summerset Group Holdings Ltd (ASX:SNZ) Reports Q1 2025 Sales Increase
Sales Performance
Summerset Group Holdings Limited reported a total of 290 occupation right sales in Q1 2025, including 132 new sales and 158 resales. This marks a 14% increase in total sales compared to the same period last year, with resales rising by 31%.
Geographical Diversity
CEO Scott Scoullar highlighted the company’s strong regional performance, noting that nearly every region in New Zealand saw increased sales year-on-year. Fifty percent of the quarter’s sales originated from outside Auckland, Wellington, and Christchurch.
Future Outlook
Looking ahead to Q2, Scoullar stated that Summerset has a robust pipeline of contracts, with a 32% year-on-year increase in contracted new sale stock compared to Q1 2024. The company remains on track to build between 650 and 730 homes across New Zealand and Australia in 2025, including the first village centre in Cranbourne North, Australia.
Motley Fool contributor Abbie Stokes has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
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