Savills PLC announces record results
Savills plc, the international real estate advisor, today announces record results as the Group benefits from market share growth in key markets and its broad spread of services across the globe.
Key Operating Highlights leads: The strength of our key commercial market positions, growth in Investment Management and the resilience of our residential businesses led to an improved performance for Savills in 2016.
Commenting on the results, Jeremy Helsby, Group Chief Executive, said: “Overall, Savills delivered another record performance in 2016 despite the geopolitical distractions in some of our markets. We benefited from the scale of our operations across the globe, which have grown substantially over recent years, as well as a highly resilient performance in the UK.
“Our less transactional businesses, particularly Property Management and Investment Management grew strongly while our global Transaction Advisory business produced a solid performance despite variable conditions in many markets.
“We entered 2017 with a continuation of global macro-economic concerns, rising bond yields, uncertainty over the impact of Brexit negotiations in the UK and Continental Europe and a new administration in the US.
“Savills is a strong and diverse global firm and we continue to look at opportunities to develop our business. We have started the year well and our expectations for the full year remain unchanged.”
Read the preliminary results for the full year ended 31st December 2016 report in full click here.