Crest Nicholson Holdings (CRST): Profit warning
This situation live
CRST Crest Nicholson Holdings
21 Apr 2026 · profit warning · -35% on the day · +0% until the next step
the Group now expects to achieve an EBIT for the financial year of around £5m to £15m, with interest costs of c. £15m and a revised year end net debt position of £100m to £120m.
16 Jul 2026 · profit warning · -5% on the day · −19% until the next step
While market conditions remain challenging and financial performance in the first half was below the prior year, the Group has taken decisive actions to preserve liquidity, reduce capital intensity an
3 Sep 2026 · profit warning · fourth in 12 months · +17% since
Market conditions have been more subdued than expected through the seasonally quieter summer trading period, with affordability constraints and competitive pricing continuing to weigh on open market s
Profit warning
profit warning · fourth in 12 months
Directionbelow expectations / warning
Reaction on the day−8%
In 12 months4 statements in the same direction
Company's wordsMarket conditions have been more subdued than expected through the seasonally quieter summer trading period, with affordability constraints and competitive pricing continuing to weigh on open market sales rates. ↗
As of 3 Sep 2026 ↗
Since Oct 2023: 1145 situations of this kind; median share price +0% six months after they opened
Every step · 3
- 21 Apr 2026 profit warning · -35% on the day – the Group now expects to achieve an EBIT for the financial year of around £5m to £15m, with interest costs of c. £15m and a revised year end net debt... ↗
- 16 Jul 2026 profit warning · -5% on the day – While market conditions remain challenging and financial performance in the first half was below the prior year, the Group has taken decisive actions to... ↗
- 3 Sep 2026 profit warning · fourth in 12 months – Market conditions have been more subdued than expected through the seasonally quieter summer trading period, with affordability constraints and competitive... ↗
What is happening
Crest Nicholson Holdings: Profit warning – profit warning · fourth in 12 months. ['profit warning · fourth in 12 months']
- In short
- Crest Nicholson Holdings issued a profit warning on 3 Sep 2026; the shares moved −8% on the day. It is the fourth such statement in 12 months.
- Announced
- 21 Apr 2026 · profit warning · -35% on the day
- Latest
- 3 Sep 2026 · profit warning · -8% on the day
Briefing
Crest Nicholson Holdings in 4 minutes
Crest Nicholson is a UK housebuilder that in 2025 set out to move up-market, lift margins and cut debt. By autumn 2026 it was making losses, net debt had reached £142m at April, and it was running on waivers of a...
- Act 1Cost overruns, a legal claim and a new chief executive
- Act 2Bellway came, then walked away
- Act 3A £245m fire bill, then a reset plan
From the company's own announcements. Not investment advice.
Also at Crest Nicholson Holdings 0 open
Upgrade / downgrade cycleProfit warning – profit warning · closed
Insider conviction1 director buying – £25k in 1 buy · closed
Upgrade / downgrade cycleResults ahead of expectations – ahead of expectations · closed
Crest Nicholson Holdings – company page →