Savills (SVS)

Sector:

Real Estate

Index:

FTSE 250

799.50p
   
  • Change Today:
      26.50p
  • 52 Week High: 1,258.00
  • 52 Week Low: 651.00
  • Currency: UK Pounds
  • Shares Issued: 143.06m
  • Volume: 179,061
  • Market Cap: £1,143.79m
  • RiskGrade: 215

Brexit woes, US-China trade war hit Savills profit

By Frank Prenesti

Date: Thursday 08 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Brexit woes and the US-China trade spat hit interim results at upmarket real estate agent Savills as customers steered clear of making deals.
First-half pre-tax profit fell to £24.7m from £26.7m in 2018. UK commercial transactions fell 7% to $34.1m due to Brexit while the trade war between the US and China saw underlying Asian profits slip 17% to £15.5m.

Total revenues rose 16% to £847m, helped by higher non-transactional operations such as facilities management and consultancy.

"Given the lag effect of significant investment in recruitment in the preceding period and facing some challenging transactional market conditions, we had anticipated a slight decline in profits for the first half of 2019," said chief executive Mark Ridley.

"In many markets, particularly the UK and Hong Kong, political and economic uncertainty has considerably reduced the volume of real estate trading activity in recent months," Chief Executive Officer Mark Ridley said.

"Underlying demand for the secure income qualities of real estate remains high, but these macro uncertainties weigh on investor sentiment and make predictions in respect of near term market activity difficult to determine with accuracy."

In London the average price of homes sold by Savills fell by 32% year on year to £2.1m as it moved to compensate for lower demand in what it calls "prime properties", or dwellings worth more than £1.5m. Volumes of more expensive prime homes in central London fell by 13%.

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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 799.50p
Change Today 26.50p
% Change 3.43 %
52 Week High 1,258.00
52 Week Low 651.00
Volume 179,061
Shares Issued 143.06m
Market Cap £1,143.79m
RiskGrade 215

Savills Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
81.83% below the market average81.83% below the market average81.83% below the market average81.83% below the market average81.83% below the market average
89.29% below the sector average89.29% below the sector average89.29% below the sector average89.29% below the sector average89.29% below the sector average
Price Trend
23.05% below the market average23.05% below the market average23.05% below the market average23.05% below the market average23.05% below the market average
7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average7.14% above the sector average
Income
71.9% below the market average71.9% below the market average71.9% below the market average71.9% below the market average71.9% below the market average
81.4% below the sector average81.4% below the sector average81.4% below the sector average81.4% below the sector average81.4% below the sector average
Growth
16.72% below the market average16.72% below the market average16.72% below the market average16.72% below the market average16.72% below the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 3
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
  Interim Final
Ex-Div 05-Sep-19 11-Apr-19
Paid 02-Oct-19 13-May-19
Amount 4.95p 10.80p

Trades for 07-Aug-2020

Time Volume / Share Price
16:35 59,607 @ 799.50p
16:29 5 @ 797.50p
16:29 43 @ 797.50p
16:29 7 @ 797.50p
16:29 41 @ 798.00p

Savills Key Personnel

Chair Nicholas Ferguson
CEO Mark Ridley

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