<p><span>Crest Nicholson’s full year adjusted pre-tax profit is expected to be “marginally ahead” of its previously stated market consensus of £101.2 million, the business said today (November 18).</span></p> <p><span>Giving a trading update on the 12 months to October 31 2021, the housebuilder reported a “strong sales performance” throughout its second half with sales rates remaining “robust across all regions”. </span></p> <p><span>As of November 12, its forward sales stood at 2,502 units and £623.9 million Gross Development Value (GDV) against November 2020’s 2,330 units and £496.6 million GDV. It added that it had “good” visibility of its sales pipeline for FY22.</span></p> <p><span>The company also said the contribution from the sale of its 50% stake in Longcross Film Studio in May, generating £45 million, had been “more than anticipated”.</span></p> <p><span>Crest’s update also referred to its <a href="https://www.house-builder.co.uk/news/crest-announces-growth-and-climate-targets">growth strategy</a>, announced in October, which targets completions “in excess” of 3,000 by FY24, increasing to more than </span><span>4,200 by FY26. By this time, it plans to have expanded into three new geographies.</span></p> <p><span>In today’s update, Crest said it was enacting its plan to establish divisions in Yorkshire and East Anglia from next year.</span></p> <p><span>For FY21 it had made “good progress” against its existing sustainability medium …