Foxtons plc Reports Sales Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides Earnings Guidance for the Full Year Ended December 31, 2016
For the full year, the company reported total group revenue of £133 million against £150 million a year ago.
For the full year ended December 31, 2016, the adjusted EBITDA is expected to be approximately £25 million. The reduction in group revenue for the year reflects the significant fall in sales volumes immediately following the first quarter of 2016.