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
11th Oct 20133:54 pmRNSDirector/PDMR Shareholding
10th Oct 20133:29 pmRNSHolding(s) in Company
1st Oct 201310:16 amRNSTotal Voting Rights
12th Sep 201310:41 amRNSHolding(s) in Company
11th Sep 201312:47 pmRNSDirector/PDMR Shareholding
5th Sep 20131:47 pmRNSHolding(s) in Company
2nd Sep 201311:19 amRNSTotal Voting Rights
13th Aug 20132:53 pmRNSDirector/PDMR Shareholding
12th Aug 20135:05 pmRNSDirector/PDMR Shareholding
8th Aug 20137:00 amRNSHalf Yearly Report
2nd Aug 20132:04 pmRNSTotal Voting Rights
31st Jul 20133:48 pmRNSHolding(s) in Company
29th Jul 20139:54 amRNSHolding(s) in Company
17th Jul 20137:00 amRNSHolding(s) in Company
12th Jul 20133:54 pmRNSDirector/PDMR Shareholding
10th Jul 201312:25 pmRNSHolding(s) in Company
26th Jun 201310:13 amRNSDirector/PDMR Shareholding
19th Jun 20133:34 pmRNSDirector/PDMR Shareholding
12th Jun 201312:11 pmRNSDirector/PDMR Shareholding
4th Jun 201310:09 amRNSDirector/PDMR Shareholding
4th Jun 201310:04 amRNSChange of Registered Office
21st May 201311:27 amRNSHolding(s) in Company
21st May 201311:22 amRNSHolding(s) in Company
13th May 20131:08 pmRNSDirector/PDMR Shareholding
8th May 20134:08 pmRNSResult of AGM
8th May 201311:00 amRNSInterim Management Statement
26th Apr 20135:49 pmRNSHolding(s) in Company
12th Apr 201310:12 amRNSDirector/PDMR Shareholding
8th Apr 20133:44 pmRNSNotice of AGM
27th Mar 201311:00 amRNSHolding(s) in Company
19th Mar 201310:23 amRNSHolding(s) in Company
14th Mar 20139:57 amRNSHolding(s) in Company
14th Mar 20137:00 amRNSFinal Results
12th Mar 20132:44 pmRNSDirector/PDMR Shareholding
19th Feb 20139:48 amRNSHolding(s) in Company
19th Feb 20139:34 amRNSHolding(s) in Company
14th Feb 20134:20 pmRNSDirector/PDMR Shareholding
17th Jan 20135:53 pmRNSDirector/PDMR Shareholding
14th Dec 20124:23 pmRNSDirector/PDMR Shareholding
14th Dec 201212:56 pmRNSDirector/PDMR Shareholding
16th Nov 20122:54 pmRNSDirector/PDMR Shareholding
15th Nov 20127:00 amRNSInterim Management Statement
12th Oct 201210:15 amRNSDirector/PDMR Shareholding
21st Sep 201210:36 amRNSHolding(s) in Company
28th Aug 20123:59 pmRNSHolding(s) in Company
9th Aug 20121:10 pmRNSHalf Yearly Report Replacement
9th Aug 20127:00 amRNSHalf Yearly Report
30th Jul 20124:16 pmRNSHolding(s) in Company
30th Jul 201210:55 amRNSHolding(s) in Company
12th Jul 201210:48 amRNSDirector/PDMR Shareholding

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.