Foxtons’ interim results confirm a strong H1 outturn, with revenue growing by 11% and adj. operating profit by 24%. All three businesses delivered growth, with Foxtons retaining its status as both the UK’s largest lettings brand and London’s number one estate agent. Sales continued to deliver significant market outperformance, with H1 market share at 5.1% of exchanges, exceeding the Group’s medium-term target of 4.5%. Growing instruction levels underpin a continued positive outlook in Sales, wit ....
30 Jul 2024
Continued positive outlook after strong H1 outturn
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Continued positive outlook after strong H1 outturn
Foxtons Group Plc (FOXT:LON) | 64.3 1 2.5% | Mkt Cap: 195.4m
- Published:
30 Jul 2024 -
Author:
Greg Poulton -
Pages:
3
Foxtons’ interim results confirm a strong H1 outturn, with revenue growing by 11% and adj. operating profit by 24%. All three businesses delivered growth, with Foxtons retaining its status as both the UK’s largest lettings brand and London’s number one estate agent. Sales continued to deliver significant market outperformance, with H1 market share at 5.1% of exchanges, exceeding the Group’s medium-term target of 4.5%. Growing instruction levels underpin a continued positive outlook in Sales, wit ....