Savills (SVS)

Sector:

Real Estate

Index:

FTSE 250

735.00p
   
  • Change Today:
    -9.50p
  • 52 Week High: 1,258.00
  • 52 Week Low: 651.00
  • Currency: UK Pounds
  • Shares Issued: 143.06m
  • Volume: 64,060
  • Market Cap: £1,051.47m
  • RiskGrade: 350

Savills sees full-year results at upper end of expectations

By Michele Maatouk

Date: Monday 13 Jan 2020

LONDON (ShareCast) - (Sharecast News) - Savills said on Monday that underlying results for the year to the end of December are set to be at the upper end of the board's expectations following an "excellent" performance in the UK.
The FTSE 250 real estate advisor said in a trading update that the effect of Brexit and political uncertainty in the UK suppressed market activity in both the commercial and residential transactional markets until mid-December. However, the outcome of the General Election "prompted a strong close to the year as confidence to transact returned to the market".

Despite an uncertain backdrop, the UK performed well across all business lines and the residential segment continued to outperform overall market conditions, taking share in the core London market.

In Hong Kong, another of its key markets, political unrest severely reduced the volume of trading activity from mid-year and continues to do so, it said.

The Asia Pacific business performed slightly below Savills' original expectations, mainly due to difficulties in Hong Kong and as the recruitment drive in Australia took longer than expected to bear fruit.

In Continental Europe, the performance was broadly in line with expectations in the context of a decline in the volume of transactions in some major markets. In North America, meanwhile, Savills said it delivered "significant" growth in the Occupier Service business and its capital markets teams improved profits year-on-year. This led to a "much-improved" performance overall.

The group's investment management division performed ahead of its expectations.

"Looking to the year ahead, increased political stability in the UK should maintain improved sentiment in real estate markets. Global investor demand for secure income, restricted supply and expectations of continued low interest rates suggest that the medium and long-term dynamics of the UK real estate market should remain largely positive," the company said.

"Nevertheless, some caution may remain until the full impact of Brexit is better understood. Certain other global markets continue to be overshadowed by macro-economic and political uncertainties. As a result of these factors, at this early stage in the year the Board's expectations for 2020 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 735.00p
Change Today -9.50p
% Change -1.28 %
52 Week High 1,258.00
52 Week Low 651.00
Volume 64,060
Shares Issued 143.06m
Market Cap £1,051.47m
RiskGrade 350

Savills Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
67.8% below the market average67.8% below the market average67.8% below the market average67.8% below the market average67.8% below the market average
75.44% below the sector average75.44% below the sector average75.44% below the sector average75.44% below the sector average75.44% below the sector average
Price Trend
19.50% above the market average19.50% above the market average19.50% above the market average19.50% above the market average19.50% above the market average
3.45% below the sector average3.45% below the sector average3.45% below the sector average3.45% below the sector average3.45% below the sector average
Income
10.46% above the market average10.46% above the market average10.46% above the market average10.46% above the market average10.46% above the market average
28.89% below the sector average28.89% below the sector average28.89% below the sector average28.89% below the sector average28.89% below the sector average
Growth
28.92% below the market average28.92% below the market average28.92% below the market average28.92% below the market average28.92% below the market average
22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average22.22% above the sector average

What The Brokers Say

Strong Buy 0
Buy 1
Neutral 3
Sell 0
Strong Sell 0
Total 4
neutral
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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 02-Apr-2020

Time Volume / Share Price
13:27 137 @ 735.00p
13:27 75 @ 735.00p
13:27 53 @ 735.00p
13:27 90 @ 735.00p
13:12 32 @ 735.50p

Savills Key Personnel

Chair Nicholas Ferguson
CEO Mark Ridley

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