Foxtons’ Q3 update highlights revenue growth of 25% to £43.8m (Q3’21: £35.1m) and 11% to £108.9m in the first 9m of the year (9m’21: £98.5m). Momentum was positive across all three areas of the business, with Lettings growing by 18%, Sales by 44% and Financial Services by 37% in Q3. The Group enters Q4 with a less certain Sales market backdrop, but the strength of the Q3 performance, the cost action taken in H1 and the resilience of both the Lettings and Financial Services businesses give manage ....
27 Oct 2022
Strong Q3 prompts FY22 earnings upgrade
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Strong Q3 prompts FY22 earnings upgrade
Foxtons Group Plc (FOXT:LON) | 52.6 -0.1 (-0.4%) | Mkt Cap: 158.5m
- Published:
27 Oct 2022 -
Author:
Greg Poulton -
Pages:
4
Foxtons’ Q3 update highlights revenue growth of 25% to £43.8m (Q3’21: £35.1m) and 11% to £108.9m in the first 9m of the year (9m’21: £98.5m). Momentum was positive across all three areas of the business, with Lettings growing by 18%, Sales by 44% and Financial Services by 37% in Q3. The Group enters Q4 with a less certain Sales market backdrop, but the strength of the Q3 performance, the cost action taken in H1 and the resilience of both the Lettings and Financial Services businesses give manage ....