Crest Nicholson Holdings plc provided earnings guidance for the year to 31 October 2018. As a consequence of the reduction in sales volumes and the impact of incentivisation on margin, the Company now expects that PBT for the year ended 31st October 2018 will be in the range of £170 million to £190 million. During the second half of the year, management actions to mitigate sales volume reductions underpinned revenue and receipts, but impacted margin, now expected to be lower than the previous guidance of 18%.