Countrywide PLC Trading Statement (9893L)
April 25 2018 - 1:00AM
UK Regulatory
TIDMCWD
RNS Number : 9893L
Countrywide PLC
25 April 2018
25 April 2018
Countrywide plc
Q1 2018 Trading Update
Ahead of its AGM at 10am today, Countrywide plc, ("Countrywide",
the "Company" or the "Group") (LSE: CWD), the UK's largest
integrated property services group, issues its trading update for
the quarter ended 31 March 2018.
Total Group income for the quarter was lower at GBP145 million
compared to GBP162 million for the same period in 2017. As
previously announced, this reflects the significantly lower entry
pipeline in UK and London Sales coming into 2018.
The Group has moved swiftly to restore expertise in Sales and
Lettings following the appointment of Paul Creffield as Group
Operations Director in January 2018. Experienced sector
professionals now fill all roles at area and regional director
level.
We are encouraged by the early progress that is being made in
Sales and Lettings. In Sales, we have seen an improvement in both
the register of properties available for sale and in our market
share of listings compared with Q4 2017. In Lettings, our share of
listings is also ahead of Q4 2017.
The next trading update will be at our interim results on 26
July 2018.
Enquiries:
Media Analysts and investors
Natalie Gunson Himanshu Raja, Group Chief
press.office@countrywide.co.uk Financial Officer
Tel: +44 (0)7721 439043 investor@countrywide.co.uk
Michael Sandler/Dan de Belder
Hudson Sandler
Tel: +44 (0)207 7964133
About Countrywide plc
Countrywide is the UK's largest integrated property services
group, including the largest estate agency and lettings network.
Countrywide's network of expertise combining national scale and
local reach helps more people move than any other business in the
UK and is structured around four key business units: UK Sales and
Lettings; London Sales and Lettings; B2B; and Financial
Services.
Forward Looking Statements
This announcement has been prepared solely to provide additional
information to the shareholders of Countrywide plc in order to meet
the requirements of the FCA's Disclosure and Transparency Rules. It
should not be relied on by any other party, or for other purposes.
Forward-looking statements have been made by the directors in good
faith, using information available up until the date on which they
approved this statement. Forward-looking statements should be
regarded with caution, because of the inherent uncertainties in
economic trends and business risks.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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