19 Jan 2016 15:08
19 January 2016
Countrywide plc
Changes to segment reporting
Countrywide plc announced on 24 December 2015 its revised segmental structure ahead of its preliminary results for the year ended 31 December 2015.
This announcement is to highlight a revision of the original RNS and accompanying presentation dated 24 December 2015.
The revised presentation reflects a more refined view of intra-group trade and income allocation between business units. The reissue is also to reclassify income on each of the business unit summaries to enable more clarity for analysts in conjunction with the stated KPIs by business units.
Revised slides have been made available on www.countrywide.co.uk/investor-relations/results-and-presentations that illustrate the changes to the comparative financial data. Total Income and EBITDA before exceptionals have been restated for the half years 2014 and 2015 and full years 2013 and 2014. Key KPIs that have been restated for the half years 2014 and 2015 and full years 2013 and 2014 are also shown. Restated full comparative numbers for the full year 2014 will be presented in Countrywide's Annual Report 2015.
For further information, please contact:Jim Clarke, Group Chief Financial OfficerTel: 07970 477299Email: jim.clarke@countrywide.co.uk
Countrywide plc
1. Full-Year Results Announcement
Preliminary results for the year ended 31 December 2015 will be issued Thursday 25 February 2016.
2. About Countrywide plc
· Countrywide plc is the UK's largest property services Group, including the UK's largest estate and letting agency network of over 1,000 branches operating under 48 well known high street brands. Countrywide plc sold £18.6 billion worth of property in 2014
· Countrywide plc is a leading provider of estate agency, lettings, mortgage services, land and new homes, auctions, surveying, conveyancing, corporate property management services and commercial property.
· Countrywide plc helped over 120,000 households to move home in 2014.
· Countrywide plc agreed a house sale every 1.6 minutes, let a property every 4 minutes, completed a survey / valuation every hour in 2014 and as the UK's third largest mortgage distributor Countrywide plc arranges 1 in 20 of all mortgages arranged in the UK in 2014.