Foxtons’ interims highlight that the operational turnaround is on track, with adjusted EBIT growth of 10% in H1 despite the challenging macro backdrop. This performance stands in stark contrast to previous economic cycles and highlights the resilience of the Group, underpinned by its Lettings business, which now represents 70% of sales. Management initiatives in Sales are also having a strong impact, with significant market share gains delivered (3.8% in H1’23 vs. 3.3% in H1’22). Trading since t ....
27 Jul 2023
Strong H1 outturn with turnaround on track
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Strong H1 outturn with turnaround on track
Foxtons Group Plc (FOXT:LON) | 68.8 0.3 0.6% | Mkt Cap: 208.4m
- Published:
27 Jul 2023 -
Author:
Greg Poulton -
Pages:
3
Foxtons’ interims highlight that the operational turnaround is on track, with adjusted EBIT growth of 10% in H1 despite the challenging macro backdrop. This performance stands in stark contrast to previous economic cycles and highlights the resilience of the Group, underpinned by its Lettings business, which now represents 70% of sales. Management initiatives in Sales are also having a strong impact, with significant market share gains delivered (3.8% in H1’23 vs. 3.3% in H1’22). Trading since t ....