Hunters Property has reported strong H1 2019 results. Network income for the six months to June 2019 grew +7% to £19.2m and the Group continues to see high quality new additions with eight new branches in the period averaging £425k income per branch compared with £186k in 2018. We have increased our Normalised EBITDA forecasts, which are now on an IFRS-16 basis, for FY2019/20 by +24%/+22% to £2.6m/£2.8m. Management stated these 'robust half year results underpin
05 Sep 2019
Solid H1 Results
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Solid H1 Results
- Published:
05 Sep 2019 -
Author:
Thomas Like -
Pages:
8
Hunters Property has reported strong H1 2019 results. Network income for the six months to June 2019 grew +7% to £19.2m and the Group continues to see high quality new additions with eight new branches in the period averaging £425k income per branch compared with £186k in 2018. We have increased our Normalised EBITDA forecasts, which are now on an IFRS-16 basis, for FY2019/20 by +24%/+22% to £2.6m/£2.8m. Management stated these 'robust half year results underpin