FY22 results were well flagged in the January update. Adj. operating profit of £13.9m (2021: £8.9m) is slightly ahead of our £13.5m forecast. New CEO Guy Gittins operational review is complete, concluding that Foxtons has strong foundations to build from, though operational failings have led to significant unfulfilled potential. Improvements are well underway to rebuild its competitive advantage and managements medium term ambition is to deliver operating profit of £25m-£30m (double the FY22 out ....
07 Mar 2023
Ambitious strategy set to accelerate earnings growth
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Ambitious strategy set to accelerate earnings growth
Foxtons Group Plc (FOXT:LON) | 55.3 0.1 0.4% | Mkt Cap: 166.6m
- Published:
07 Mar 2023 -
Author:
Greg Poulton -
Pages:
3
FY22 results were well flagged in the January update. Adj. operating profit of £13.9m (2021: £8.9m) is slightly ahead of our £13.5m forecast. New CEO Guy Gittins operational review is complete, concluding that Foxtons has strong foundations to build from, though operational failings have led to significant unfulfilled potential. Improvements are well underway to rebuild its competitive advantage and managements medium term ambition is to deliver operating profit of £25m-£30m (double the FY22 out ....