Savills (SVS)

Sector:

Real Estate

Index:

FTSE 250

1,066.00p
   
  • Change Today:
      8.00p
  • 52 Week High: 1,078.00
  • 52 Week Low: 763.50
  • Currency: UK Pounds
  • Shares Issued: 144.39m
  • Volume: 190,658
  • Market Cap: £1,539.21m
  • RiskGrade: 140

Savills first-half revenues jump, profits decline

By Michele Maatouk

Date: Thursday 11 Aug 2022

LONDON (ShareCast) - (Sharecast News) - Real estate advisor Savills backed its full-year expectations on Thursday as it posted a jump in first-half revenues but a drop in profits.
In the six months to 30 June, revenues rose 11% to £1.04bn, but group underlying pre-tax profit fell to £59.2m from £66.1m and pre-tax profit declined to £50.4m from £63.3m. The company declared an interim dividend of 6.6p a share, up from 6.0p in the first half of 2021.

Savills highlighted staff cost inflation and the anticipated progressive return to higher levels of marketing, travel and entertainment/events related expenditure compared with abnormally low levels in 2021.

The company said residential markets, particularly in the UK, have remained relatively buoyant in the first half of 2022 despite increasing economic headwinds.

"Activity in the prime housing markets remained particularly robust, despite constrained levels of publicly available stock. However, price growth has begun to moderate in response to the rising cost of debt in particular," it said.

Savills said it was still too early to predict with any accuracy the potential impact of the political and economic environment on real estate transaction volumes globally, "although clearly the risk is towards a short-term reduction in activity as markets adjust to, inter alia, rising debt cost".

It added: "Notwithstanding this risk, given our performance to date and having previously taken a cautious view of likely transactional performance in 2022, at this stage the board's expectations for the year as a whole remain unchanged."



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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Savills Market Data

Currency UK Pounds
Share Price 1,066.00p
Change Today 8.00p
% Change 0.76 %
52 Week High 1,078.00
52 Week Low 763.50
Volume 190,658
Shares Issued 144.39m
Market Cap £1,539.21m
RiskGrade 140

Savills Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
19.97% below the market average19.97% below the market average19.97% below the market average19.97% below the market average19.97% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average
Price Trend
60.69% above the market average60.69% above the market average60.69% above the market average60.69% above the market average60.69% above the market average
81.40% above the sector average81.40% above the sector average81.40% above the sector average81.40% above the sector average81.40% above the sector average
Income
20.55% below the market average20.55% below the market average20.55% below the market average20.55% below the market average20.55% below the market average
35.48% below the sector average35.48% below the sector average35.48% below the sector average35.48% below the sector average35.48% below the sector average
Growth
90.08% below the market average90.08% below the market average90.08% below the market average90.08% below the market average90.08% below the market average
94.87% below the sector average94.87% below the sector average94.87% below the sector average94.87% below the sector average94.87% below the sector average

What The Brokers Say

Strong Buy 1
Buy 1
Neutral 2
Sell 0
Strong Sell 0
Total 4
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Savills Dividends

  Latest Previous
  Final Special
Ex-Div 11-Apr-24 11-Apr-24
Paid 23-May-24 23-May-24
Amount 13.90p 2.00p

Trades for 28-Mar-2024

Time Volume / Share Price
16:38 790 @ 1,066.00p
16:38 396 @ 1,066.00p
16:38 498 @ 1,066.00p
16:38 349 @ 1,066.00p
16:35 87,657 @ 1,066.00p

Savills Key Personnel

CEO Mark Ridley
Chair Stacey Cartwright

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