Zoopla Property Group trading statement

February 26, 2016

Zoopla Property Group Plc  the digital media and lead generation platform that owns and operates some of the UK’s leading online consumer brands including Zoopla, uSwitch and PrimeLocation announced yesterday a trading update for the period 1 October 2015 to 31 January 2016, to read the trading statement in full click here

Highlights from the statement as follows:

 The Group has had a solid start to the financial year, attracting over 47 million average monthly visits to its websites and mobile apps during the Period and a record audience of over 58 million visits in January. In the Property Services division, the number of partners continued to grow with the Group adding 261 net new partners, taking the total number to 16,672 at the end of the Period. January marked the ninth consecutive month of growth in the number of UK Agency partners to 12,841 at the end of the Period.

 The Comparison Services division has enjoyed strong switching volumes across each of the Energy, Communications and Financial Services verticals and January saw near record levels of energy switches following the announcement by some suppliers of price reductions. The Group continued its mission of educating consumers about the value of price comparison with the launch of two new uSwitch national TV campaigns focused on energy and broadband switching.

 During the period, the Group made further progress of integrating its divisions and developing its products and Management look forward to the rollout of a number of new and innovative products during 2016.

 Alex Chesterman, Founder & CEO of Zoopla Property Group Plc said, “I am pleased with the Group’s solid start to the financial year. In Property Services we have now seen nine consecutive months of partner growth and experienced record levels of traffic in January. Comparison Services has performed particularly well as we continue to help consumers save money off their household bills. Our recently announced investments and strategic partnerships with some of the most-promising players in the PropTech space reaffirm our commitment to leading innovation and will serve to further strengthen our proposition.”

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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