Menu Close

Results Centre

Results Centre

Business highlights
  • Revenue increase of 84% to £197.7 million and Adjusted EBITDA increase of 58% to £77.1 million
  • Acquisition of Property Software Group creates UK’s only end-to-end solution for property professionals
  • Continued UK Agency partner growth up 5% (ex-Property Software Group) and listings inventory up 10%
  • Total number of unique Property partners including Property Software Group at 23,101 at the end of the Period
  • Outperformance in Comparison Services division with record levels of switching activity across every vertical
  • Strong traffic with over 600m visits to the Group’s websites and mobile apps, of which 68% via mobile
  • Over 23m leads generated during the Period for Property partners including 350,000 property appraisal leads
  • Comparison leads up 22% over same period last year to 30.3m, helping consumers save over £320m
  • Invested in and partnered with a number of leading and innovative sector relevant tech start-ups
  • Developed market-leading new products for consumers and partners such as Running Costs and MoveIT
  • Relocated into our new Group headquarters bringing all our London-based teams together under one roof
  • Proposed final dividend of 3.7p per share, bringing total dividend for the Period to 5.2 pence per share
  • Since the end of the Period the Group has:
    • Acquired leading cloud-based estate agency website design business, Technicweb
    • Invested in and signed partnership with connected home insurance provider, Neos
Key financials (£m) FY 2016 FY 2015 YoY%
Revenue 197.7 107.6 84
Adjusted EBITDA1 77.1 48.7 58
Profit for the year 36.7 25.4 44
Net debt 146.3 93.2 57
Adjusted basic EPS (pence per share)2 12.7 8.4 51
Basic EPS (pence per share) 8.9 6.2 44
Proposed Final dividend (pence per share) 3.7 2.5 48
  1. Adjusted EBITDA is defined as operating profit after adding back depreciation and amortisation, share-based payments and exceptional items.
  2. Adjusted basic EPS is calculated as profit for the year excluding exceptional items and amortisation of intangibles arising on acquisitions, adjusted for tax and divided by the weighted average number of shares in issue for the Period.