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Foxtons Group Q1 Revenue Falls; Backs Full-year Guidance

By RTTNews Staff Writer   ✉   | Published:   | Follow Us On Google News

Foxtons Group plc (FOXT.L) on Thursday reported lower first-quarter revenue, as a sharp decline in Sales offset growth in Lettings.

Total revenue fell to £39.6 million from £44.1 million in the same period last year, a decline of 10%.

Lettings revenue increased 5% to £26.4 million from £25.2 million, while Financial Services rose slightly to £2.6 million from £2.5 million.

Sales revenue dropped to £10.7 million from £16.4 million, representing a 35% decline.

The company said it continues to trade in line with previous expectations and maintained its full-year guidance.

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