Record Performance and Growth reported by ZPG

May 24, 2018

ZPG released on 23rd May 2018 their half-year results for the six months ended 31 March 2018.

Business highlights

Revenue up by 33% to £156.9 million and Adjusted EBITDA up by 41% to £63.4 million

Like-for-like (Like-for-like growth includes a full six months trading from all acquisitions in both periods) revenue and Adjusted EBITDA increased by 10% and 21% respectively

Adjusted EBITDA margin up to 40.4% driven by improvements and timing of investment

Almost 350 million visits across the group’s platforms generating >36 million partner leads

New product portfolio, data expertise and partner relationships resulting from acquisitions

Continued product innovation and differentiation with launch of new tools across platforms

Profit for the Period (Profit for the Period includes £17.7 million (H1 2017: £13.0 million) of exceptional items and amortisation of intangibles arising on acquisitions (adjusted for tax) recognised during the Period) was up 33% after acquisition-related costs and share-based payments

The Board has resolved not to declare an interim dividend following the Silver Lake offer

Commenting on today’s announcement Alex Chesterman, Founder & CEO of ZPG Plc said:

“We had a strong first half to the year across both divisions and I am pleased to report revenue of £156.9m and Adjusted EBITDA of £63.4m for the Period. We continue to grow our consumer engagement and to lead innovation with the launch of new tools across our platforms, helping our consumers to make smarter property and household-related decisions and our partners to operate more effectively.

“Our Property division performed well across each vertical, helped by demand for additional products, cross-sell and new contract wins, including the continued return of agents to our portals.”

“Our Comparison division also performed well with leads up across each vertical. Energy had an exceptionally strong first half as a result of ongoing optimisation of the consumer journey and extreme weather during the Period prompting increased switching levels.

“Looking ahead, we are excited about the prospect of working with Silver Lake and the opportunity this offers to our employees, consumers and partners as we move to the next stage of ZPG’s development and growth.”

Read the ZPG announcement 23rd May 2018 in full 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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