If you would like to learn more about future focusIR related events and roundtables, please submit your details here

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSavills Regulatory News (SVS)

Share Price Information for Savills (SVS)

Share Price is delayed by 15 minutes
Get Live Data
886.00    -2.00 (-0.23%)
Bid:
888.00
Ask:
890.00
Spread: 2.00 (0.225%)
Market Cap: £1.23b
SVS Live PriceLast checked at - London Stock Exchange

Intraday Savills Share Chart

Pre-Close Trading Update

11 Jan 2016 07:00

RNS Number : 3566L
Savills PLC
11 January 2016
 



11 January 2016

SAVILLS PLC

("Savills" or the "Group")

 

Pre-Close Trading Update

 

 

 

Savills plc, the international real estate advisor, publishes the following Pre-Close trading update in respect of the year to 31 December 2015.

 

The Group experienced a strong finish to the year with the completion of some significant commercial transactions in several of our businesses around the world.

 

In addition, on 31 December 2015, Savills Investment Management division completed the disposal of the substantial Berlin-based "Potsdamer Platz" assets on behalf of the SEB ImmoInvest Fund. This transaction is part of the liquidation of a number of German Open Ended Funds managed by the former SEB Investment Management business, which was acquired on 31st August 2015. The Potsdamer Platz transaction occurred earlier than originally anticipated, which led to a stronger than expected performance from the Savills Investment Management business in 2015.

 

Accordingly, the Group now anticipates that underlying results for the year to 31 December 2015 will be ahead of our previous expectations.

 

In the light of heightened uncertainty over global economic prospects and rising interest rates, we expect a tempering of the strong transaction volumes of recent times in certain markets, notwithstanding that market fundamentals remain sound. Accordingly we retain our original expectations for 2016.

 

Savills will report 2015 full year results on 10 March 2016.

 

 

For further information, contact:

 

Savills 020 7409 8934

Jeremy Helsby, Group Chief Executive

Simon Shaw, Group Chief Financial Officer

 

Tulchan Communications 020 7353 4200

Peter Hewer

 

Forward looking statements

Certain statements in this announcement are forward-looking statements relating to the Group's operations, performance and financial position based on current expectations of, and assumptions and forecasts made by, management. They are subject to a number of risks, uncertainties and other factors which could cause actual results, performance or achievements of the Group to differ materially from any outcomes or results expressed or implied by such forward-looking statements. The Group's principal risks are described in the 2014 Savills plc Annual Report which can be viewed online at http://www.savills.com. Such forward looking statements should therefore be construed in light of such risks, uncertainties and other factors and undue reliance should not be placed on them. They are made only as of the date of this announcement and no representation, assurance, guarantee or warranty is given in relation to them including as to their accuracy, completeness, or the basis on which they are made. No obligation is accepted to publicly revise or update these forward-looking statements or adjust them as a result of new information or for future events or developments, except to the extent legally required. Nothing in this Statement should be construed as a profit forecast. 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
TSTQVLFBQFFZBBZ
Date   Source Headline
25th Nov 20149:06 amRNSHolding(s) in Company
18th Nov 20147:00 amRNSTrading Update
11th Nov 20142:46 pmRNSDirector/PDMR Shareholding
13th Oct 20144:53 pmRNSDirector/PDMR Shareholding
7th Oct 20144:22 pmRNSHolding(s) in Company
25th Sep 201412:39 pmRNSHolding(s) in Company
15th Sep 201410:51 amRNSDirector/PDMR Shareholding
14th Aug 20143:55 pmRNSDirector/PDMR Shareholding
13th Aug 20144:17 pmRNSDirector/PDMR Shareholding
7th Aug 20143:46 pmRNSDirector/PDMR Shareholding
7th Aug 20147:00 amRNSHalf Yearly Report
29th Jul 20143:36 pmRNSHolding(s) in Company
11th Jul 20141:54 pmRNSDirector/PDMR Shareholding
3rd Jul 20143:26 pmRNSHolding(s) in Company
3rd Jul 201411:28 amRNSHolding(s) in Company
3rd Jul 201411:25 amRNSHolding(s) in Company
24th Jun 20147:00 amRNSDirectorate Change
5th Jun 20142:59 pmRNSDirector/PDMR Shareholding
4th Jun 201410:30 amRNSTotal Voting Rights
2nd Jun 20147:00 amRNSCompletion of Acquisition
30th May 201412:22 pmRNSIssue of Equity
29th May 201410:30 amRNSHolding(s) in Company
15th May 20143:24 pmRNSDirector/PDMR Shareholding
15th May 201411:16 amRNSDirector/PDMR Shareholding
14th May 20146:22 pmRNSDirector/PDMR Shareholding
12th May 20145:40 pmRNSResult of AGM
12th May 201411:02 amRNSInterim Management Statement
1st May 201412:01 pmRNSAcquisition
17th Apr 201411:58 amRNSDirector/PDMR Shareholding
7th Apr 20141:04 pmRNSAnnual Report and Notice of Annual General Meeting
3rd Apr 201412:02 pmRNSHolding(s) in Company
3rd Apr 201411:58 amRNSTotal Voting Rights
20th Mar 20147:00 amRNSDirectorate Change
20th Mar 20147:00 amRNSFinal Results
18th Mar 201412:06 pmRNSDirector/PDMR Shareholding
28th Feb 201410:35 amRNSHolding(s) in Company
13th Feb 20144:43 pmRNSDirector/PDMR Shareholding
3rd Feb 20145:21 pmRNSTotal Voting Rights
14th Jan 20145:53 pmRNSDirector/PDMR Shareholding
14th Jan 20145:39 pmRNSDirectorate Change
9th Jan 201412:41 pmRNSHolding(s) in Company
8th Jan 20141:04 pmRNSHolding(s) in Company
2nd Jan 20143:26 pmRNSTotal Voting Rights
12th Dec 20135:31 pmRNSDirector/PDMR Shareholding
2nd Dec 20137:00 amRNSTotal Voting Rights
14th Nov 20137:00 amRNSInterim Management Statement
12th Nov 20132:09 pmRNSDirector/PDMR Shareholding
1st Nov 201310:01 amRNSTotal Voting Rights
24th Oct 20131:52 pmRNSHolding(s) in Company
24th Oct 20131:50 pmRNSHolding(s) in Company

Due to London Stock Exchange licensing terms, we stipulate that you must be a private investor. We apologise for the inconvenience.

To access our Live RNS you must confirm you are a private investor by using the button below.