Hunters Trading update
Hunters, one of the UK’s largest national sales and lettings estate agency and franchise businesses, yesterday released the following trading update.
The start of 2016 has exceeded the Board’s expectations with the Group having performed well across all divisions. The excellent pace of roll-out has continued with the Group opening 10 new branches in the first four months. The Group continues to benefit from additional contribution from the 32 branches opened last year plus the announced acquisitions.
Our business income to 30 April 2016 was generated 54/46 between the South and the North and lettings income has increased by a further 20% as against the same period last year. The Group started Q2 with a strong pipeline in both lettings and agreed sales; the number of prospects for further branch openings is also strong, reflecting the strength of Hunters’ proposition to franchisees. The Company therefore expects to post results for the first half of the year ahead of the Board’s expectations and significantly ahead of the equivalent period last year.
The Board continues to review strategic acquisitions.
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