23 Jul 2018 07:00
Embargoed to: 7am, Monday 23 July 2018
Hunters Property PLC
("Hunters" or "the Group" or "the Company")
Trading update and Notice of Results
Hunters (AIM: HUNT), one of the UK's largest franchised sales and lettings agency businesses, is pleased to provide the following trading update.
The Company had an encouraging start to the year in line with the Board's expectations. Sales in the first half of 2018 were slightly ahead of the same period of 2017, leading to a satisfactory increase in EBITDA. These results were achieved against the well-publicised conditions in the housing market, which continue to be challenging.
In the first six months to June the Group opened 8 new branches (to June 2017: 9) and we are also pleased to report progress with our acquisition fund for franchisees having completed four acquisitions since September 2017.
The Board is confident that the full year outcome will meet market expectations. It is also the Board's intention to continue a progressive dividend policy.
The interim results for the six months ended 30 June 2018 will be announced on 6 September 2018.
For further information please contact:
Hunters Property PLC
Glynis Frew, Chief Executive Ed Jones, Chief Financial Officer
|
Tel: 01904 756 197 |
Dowgate Capital Stockbrokers James Serjeant (Corporate Broking)
| Tel: 020 3903 7715
|
SPARK Advisory Partners Limited Mark Brady and Neil Baldwin (Nominated Adviser)
| Tel: 020 3368 3551 |
Smithfield Consultants Limited Alex Simmons | Tel: 020 7360 4900 |