Purplebricks Group PLC Trading update and Notice of Interim Results (5537S)
07 Noviembre 2019 - 1:00AM
UK Regulatory
TIDMPURP
RNS Number : 5537S
Purplebricks Group PLC
07 November 2019
7 November 2019
Purplebricks Group plc
("Purplebricks", the "Company" or the "Group")
Trading update for the six months ended 31 October 2019 and
Notice of Interim Results
Resilient trading in face of subdued market conditions
Purplebricks Group Plc (AIM: PURP), a leading estate agency
business, announces a trading update for the six months ended 31
October 2019 (the "period" or "First Half") ahead of reporting
interim results on 12 December 2019.
During the period, there was a weakening in the overall UK
property market as political and economic uncertainty impacted
confidence, reducing home sale volumes. This was particularly
notable in the South East.
Against this backdrop, Purplebricks maintained its 4% overall
market share and also expects to report an improvement in the
marketing-to-revenue ratio as planned efficiencies are now being
realised.
The Canadian business modestly outperformed expectations over
the period.
At a Group level, pro forma revenue is expected to be broadly
flat relative to the same period last year[1] and the significant
losses incurred in the prior period have now been reversed and the
Group enjoyed profitable trading in the First Half.
The Company will announce its interim results and also update on
the strategic initiatives flagged at its full year results in July
2019, on Thursday, 12 December 2019.
The results will be published at 07.00am through the regulatory
news service and on the Company's website
www.purplebricksplc.com.
--END--
Enquiries
Purplebricks +44 (0)20 7466 5000
Vic Darvey, CEO
James Davies, CFO
Adam Kay, Head of Investor Relations
Zeus Capital (NOMAD) +44 (0)161 831 1512
Nick Cowles, Jamie Peel
Citi (Co-broker) +44 (0)20 7986 4000
Stuart Field, Robert Farrington
Peel Hunt (Co-broker) +44 (0)20 7418 8900
Dan Webster, George Sellar
Buchanan +44 (0)20 7466 5000
David Rydell, Jamie Hooper, Kim van Beeck
Forward-looking statements
This announcement includes statements that are, or may be
considered to be, "forward-looking statements". By their nature,
such statements involve risk and uncertainty since they relate to
future events and circumstances. Results may, and often do, differ
materially from forward-looking statements previously made. Any
forward-looking statements in this announcement reflect
management's view with respect to future events as at the date of
this announcement. Except as required by law or by the AIM Rules of
the London Stock Exchange, the Company undertakes no obligation to
publicly revise any forward-looking statements in this announcement
following any change in its expectations to reflect subsequent
events or circumstances.
About Purplebricks
Purplebricks is a leading estate agency business. Based in the
UK, it also operates in Canada and is invested in Homeday.de in
Germany. Purplebricks combines highly experienced and professional
Local Property Experts and innovative technology to help make the
process of selling, buying or letting more convenient, transparent
and cost effective. Purplebricks shares are traded on the London
Stock Exchange AIM market.
[1] Pro forma revenue of continuing operations.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
MSCFSAFWMFUSEIF
(END) Dow Jones Newswires
November 07, 2019 02:00 ET (07:00 GMT)
Purplebricks (LSE:PURP)
Gráfica de Acción Histórica
De Abr 2024 a May 2024
Purplebricks (LSE:PURP)
Gráfica de Acción Histórica
De May 2023 a May 2024