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Purplebricks Group Plc announces Group revenue doubles led by strong UK performance

Purplebricks Group plc today announced its final results for the year ended 30 April 2018.

Purplebricks reveal in their final results that Group revenue doubles led by strong UK performance.

Commenting on the results, Michael Bruce, Group Chief Executive, said:

“We have doubled revenues in tough markets, taking market share as we continue to win over consumers to the modern way of buying and selling property. As the latest independent UK research by TwentyCi released July 2018 shows, we sell more of our properties and complete faster than any of the top 10 largest agencies in the country, saving consumers thousands of pounds in the process.

We are confident that Purplebricks’ market leadership will continue, given the strength of its brand, the continuing investment into team, technology and processes and our ¬£153m war chest for global growth, following the strategic investment by Axel Springer. Purplebricks’ goal to build a modern global estate agency business demonstrates unrivalled ambition and, in just four years, huge progress. We look forward to the years ahead with excitement and confidence.”

Read the Purplebricks Group Plc announcement ‘final results year end 30 April 2018’ in full click here.

Allen Walkey

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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