Modest full year revenue growth reports Countrywide PLC

January 16, 2017

Countrywide plc trading update released Friday 13th January for the year  ended 31 December 2016 ahead of its results announcement on 9 March 2017.

Commenting on the Group’s performance, Alison Platt, CEO said: “It is pleasing to report modest full year revenue growth against the backdrop of a challenging residential sales market.  Our Retail and London divisions were impacted by the lower market volumes which were partially offset by a strong performance from our Lettings business.  It is encouraging to note that both Financial Services and Surveying reported profit growth notwithstanding the external environment.

“We continue to focus on delivering cost and productivity efficiencies across our business which will mitigate the impact of a 2017 sales market which is expected to show a reduction on 2016 volumes.  The roll-out of our digital proposition remains on track and we continue to see performance in line with our expectations.  As set out on 15 December 2016, we are currently underway with a strategic review of our Lambert Smith Hampton business and further announcements will be made as appropriate.”

Source of information Countrywide PLC trading update click here

Allen Walkey

Highly experienced businessman with a successful career in property sales and investment both in the UK and abroad. Now a freelance writer and blogger for the property and Investment Industry, keeping readers up-to-date with changes and events in a rapidly changing world.

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