Foxtons’ Q1 update highlights that strong momentum has continued into FY25, with a robust start to the year (revenue up 24% YoY in Q1). FY25 guidance is reiterated, having upgraded as recently as January. A strong outlook is underpinned by resilience in Lettings and a market leading Sales business. We forecast another year of strong PBT growth: +11% in FY25, rising to +23% in FY26 and +19% in FY27. Earnings growth should drive a higher share price, enhanced by a continued commitment towards c.£1 ....
