After a year of outperformance in FY23, strong momentum has continued, with a solid Q1 trading performance (revenue +9%). Expectations are reiterated at this early stage in the year and the Group has continued to deliver progress against its strategic objectives. Lettings (70% of Group) grew revenue by 5% in Q1 and continues to underpin earnings resilience. Foxtons continues to win share in Sales and Financial Services, which saw growth of 17% and 16% respectively. This is expected to continue, ....
18 Apr 2024
Strong start to FY24 as momentum continues into Q1
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Strong start to FY24 as momentum continues into Q1
Foxtons Group Plc (FOXT:LON) | 63.3 -0.3 (-0.6%) | Mkt Cap: 192.4m
- Published:
18 Apr 2024 -
Author:
Greg Poulton -
Pages:
3
After a year of outperformance in FY23, strong momentum has continued, with a solid Q1 trading performance (revenue +9%). Expectations are reiterated at this early stage in the year and the Group has continued to deliver progress against its strategic objectives. Lettings (70% of Group) grew revenue by 5% in Q1 and continues to underpin earnings resilience. Foxtons continues to win share in Sales and Financial Services, which saw growth of 17% and 16% respectively. This is expected to continue, ....