Springfield’s interims highlight growth in revenue (+2%) and adjusted profit before tax (+8%), as well as a significant year on year reduction in net debt, a solid performance in the context of recent market uncertainty.
With signs of improving buyer confidence, full year expectations are reiterated, whilst the Group has made significant strategic progress, culminating in the recent agreement with SSEN Transmission.
This is the first major deal with an infrastructure provider in the North of Scotland, where Springfield is uniquely positioned to support an expected doubling in housing demand over the next decade.
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Springfield Properties - North of Scotland powering growth prospects