ZPG announces another year of record performance across the business and the acquisition of Calcasa
ZPG PLC today announces full-year results for the twelve months ended 30 September 2017.
Commenting on today’s announcement Alex Chesterman, Founder & CEO of ZPG Plc said:
“We are delighted to have delivered another year of record performance across the business as we continued to provide increased transparency to our consumers and efficiency to our partners. The combination of our underlying organic growth and further strategic acquisitions has made us stronger and more diversified than ever before, resulting in record revenues up 24% to £244.5 million and record Adjusted EBITDA up 25% to £96.4 million.
“Our Property division performed very well driven by strong demand for our additional products, further migration of our software partners to cloud-based products and a continuation of returning portal partners. We significantly enhanced the partner cross-sell opportunity with the successful integration of our acquisitions in website, software, data and print products and saw the average number of products per partner increase by 27% over the Period.”
“Our Comparison division experienced strong levels of switching across all verticals, helping consumers save over £400 million off their household bills during the Period. Energy continued to benefit from returning switchers on fixed term deals and supplier price rises, resulting in a record of over a million energy switches over a twelve-month period. Our acquisition of Money, following the end of the Period, has further diversified our revenues and enhanced the consumer cross-sell opportunity with market-leading products now in Energy, Communications and Finance.”
“We are also pleased to announce today the acquisition of Calcasa, the leading provider of automated property valuations and statistical market analysis in the Netherlands, which further enhances our data capabilities, product portfolio and partner relationships.”
“Looking ahead, we are very excited by both the underlying growth opportunities in each division and the unique and unrivalled cross-sell opportunities we have created as we continue on our mission to be the platform of choice for consumers and partners engaged in property and household decisions.”
Read the full year results announcement in full click here.
ZPG Plc, also announces today that it has agreed to acquire Calcasa, the leading provider of automated property valuations and statistical market analysis in the Netherlands. Completion of the Acquisition is expected to take place on 1 December 2017.
Read the announcement to acquire Calcasa in full click here.
You May Also Enjoy
Property values climb in Q1
Propertymark backs move to commonhold
Phasing out leasehold flats is the right thing to do
Deposit Disputes Are Rising – Are Baths to Blame?
Inheritance tax haul grows as more families are dragged into the tax net
