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AGM Statement and Interim Management Statement

5 May 2010 11:30

RNS Number : 3575L
Savills PLC
05 May 2010
 



5 May 2010

SAVILLS PLC

("Savills" or "the Company")

 

AGM Statement and Interim Management Statement

 

Savills plc, the international real estate advisor, is today holding its Annual General Meeting (AGM) at 12 noon, 20 Grosvenor Hill, Berkeley Square, London W1K 3HQ and provides the following Interim Management Statement (IMS) for the period to 5 May 2010.

 

The pattern of trading that we reported at our full year results in March has continued. The first four months of the year have seen good trading performances from both our UK Residential and Asia Pacific businesses, and continued improvement in the UK Commercial market. The Continental European business has traded in line with our expectations of gradual improvement. Other business sectors are also performing broadly in line with our expectations.

 

As anticipated, there has been some evidence of slowing in activity in the UK markets in advance of the General Election, albeit in the context of a stronger than anticipated performance over the first quarter. In China, a significant contributor to our Asian business, there are signs that the Chinese government may look to take further action to stem rises in residential values. It is uncertain how these events will affect our cautious view about the potential performance of Asian markets in the second half of 2010. We would expect that greater clarity on market direction will have emerged by the time of the announcement of our interim results in August.

 

In the meantime, we are pleased with the overall performance of the group and continue to pursue our strategy of growing the business profitability, both organically and through selected investment opportunities as they arise.

 

For further information, contact:

 

Savills 020 7409 8844

Jeremy Helsby, Group Chief Executive

Simon Shaw, Group Chief Financial Officer

 

Tulchan Communications 020 7353 4200

Peter Hewer

Matthieu Roussellier

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
IMSFMGGKRKRGGZG
Date   Source Headline
3rd Apr 20084:13 pmRNSDoc re. Annual Report
31st Mar 20082:29 pmRNSDirector/PDMR Shareholding
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12th Mar 20087:01 amRNSPreliminary Results
12th Feb 200812:26 pmRNSAdditional Listing
12th Feb 200812:05 pmRNSDirector/PDMR Shareholding
1st Feb 20089:22 amRNSTotal Voting Rights
1st Feb 20089:15 amRNSBlocklisting Interim Review
28th Jan 200810:37 amRNSHolding(s) in Company
11th Jan 20089:46 amRNSHolding(s) in Company
8th Jan 20087:00 amRNSTrading Statement
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1st Nov 20075:29 pmRNSDirector/PDMR Shareholding
1st Nov 20075:14 pmRNSTotal Voting Rights
1st Nov 20075:00 pmRNSBlocklisting Interim Review
23rd Oct 20074:31 pmRNSHolding(s) in Company
18th Oct 20077:01 amRNSNew Chief Executive
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13th Sep 200710:13 amRNSHolding(s) in Company
12th Sep 20073:27 pmRNSDirector/PDMR Shareholding
11th Sep 20077:01 amRNSInterim Results
10th Sep 200712:32 pmRNSHolding(s) in Company
14th Aug 20077:00 amRNSDirectorate Change
13th Aug 20075:41 pmRNSHolding(s) in Company
13th Aug 20075:30 pmRNSDirector/PDMR Shareholding
1st Aug 20074:28 pmRNSHolding(s) in Company

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