TIDMZPG
RNS Number : 2564D
ZPG PLC
30 January 2018
30 January 2018
ZPG PLC
AGM TRADING STATEMENT
ZPG Plc (LSE:ZPG) ("ZPG" or the "Company"), which owns and
operates some of the UK's most trusted digital
brands that help empower smarter property and household
decisions including Zoopla, uSwitch, Money, PrimeLocation and
Hometrack, announces a trading update for the period 1 October 2017
to 31 December 2017 (the "Period") ahead of the Company's Annual
General Meeting to be held at 10.00 a.m. today.
The Company has had a good start to the financial year across
both divisions, with its websites and mobile apps attracting 53
million average monthly visits during the Period.
In the Property division, Management is encouraged by the
ongoing demand for its best-in-class marketing, software and data
products as we continue to help our partners market, manage and
maximise their business opportunities. During the period, ZPG
signed multiple new long-term portal listing and data services
agreements with some of the UK's largest estate agents and mortgage
lenders.
The Comparison division experienced solid switching volumes
across each of the energy, communications and financial services
verticals. We continue to make good progress on the integration of
our products across the uSwitch and Money platforms, enabling even
more consumers to save money off a broader range of household
bills.
Since the end of the Period, ZPG has successfully refinanced its
debt through the issue of new bond and bank facilities. The new
debt package strengthens the Company's financial position by
offering it increased financial flexibility, providing a more
stable and appropriate capital structure and allowing it to secure
attractive interest rates for the next 5 years.
Outlook
ZPG has continued to perform well across both divisions and
Management remains comfortable with financial year 2018 market
expectations(1) . We look forward to updating the market further at
our half year results on 23 May 2018.
Alex Chesterman, Founder & CEO of ZPG Plc said, "We have had
a good start to the 2018 financial year with continued strong
consumer traffic to our platforms and strong partner demand for our
products. We are delighted to have signed further multi-year
agreements with a number of leading estate agencies and mortgage
lenders. And the addition of Money and Calcasa to our portfolio has
materially strengthened both our consumer offering and partner
proposition across the business."
Ends
For further information, please contact:
ZPG Plc
Lawrence Hall, Director of Communications -
lawrence.hall@zpg.co.uk / 07890 078 945
Rachael Malcolm, Head of Investor Relations -
rachael.malcolm@zpg.co.uk / 07774 671 082
Maitland
James Isola 020 7379 5151
1. As at 29 January 2018 Company collated consensus figures for
FY18 Revenue and EBITDA were GBP310m and GBP122m, respectively.
These figures include only those analysts who have published
updated figures since our full year results and announcement of
Calcasa acquisition
About ZPG Plc (www.zpg.co.uk)
ZPG Plc (LSE:ZPG) ("ZPG") owns and operates some of the UK's
most trusted digital brands that help empower smarter property and
household decisions including Zoopla, uSwitch, Money, PrimeLocation
and SmartNewHomes. We are also one of the leading residential
property data and software providers with a range of products
including Hometrack, Calcasa, TechnicWeb, Ravensworth, Alto, Jupix,
ExpertAgent, PropertyFile and MoveIT. Our websites and apps attract
over 50 million visits per month and over 25,000 business partners
use our services. ZPG was founded in 2007 and has a highly
experienced management team, led by Founder & CEO, Alex
Chesterman OBE.
Zoopla is the UK's most comprehensive property website, helping
consumers to research the market and find their next home by
combining hundreds of thousands of property listings with market
data and local information.
uSwitch is the UK's leading comparison website for home services
switching, helping consumers to find the best deal and save money
on their gas, electricity, broadband, TV, phone and other
products.
Money is one of the UK's leading financial services comparison
websites, helping consumers compare products including mortgages,
loans, credit cards, bank accounts and insurance from more than 600
providers.
PrimeLocation is one of the UK's leading property websites,
helping house-hunters in the middle/upper tiers of the market find
their dream home from the top estate agents, letting agents and
property developers.
SmartNewHomes is the UK's leading website dedicated exclusively
to new homes, helping buyers understand the market and search for
new build homes from all the leading property developers across the
country.
Hometrack and Calcasa are leading providers of automated
property valuations and statistical property market insights in the
UK, the Netherlands and Australia to partners including mortgage
lenders, developers, investors, government agencies, housing
associations and others.
TechnicWeb is the UK's leading estate agency website design and
hosting business specialising in designing and operating
fully-responsive websites for the property sector.
Ravensworth is the UK's leading provider of print solutions to
estate agents and offers a comprehensive range of products and
services for every stage of the property marketing journey from
listing through to post-sale.
Alto, Jupix and ExpertAgent are some of the leading cloud-based
estate agency and property management software systems used by
thousands of property professionals across the UK for the
day-to-day management of inventory, marketing and
communications.
PropertyFile and MoveIT are innovative tools used by estate
agents to improve communication and efficiency with their customers
and to allow them to generate additional revenue streams via
referrals.
This information is provided by RNS
The company news service from the London Stock Exchange
END
AGMBLMRTMBBTBPP
(END) Dow Jones Newswires
January 30, 2018 02:00 ET (07:00 GMT)
ZPG (LSE:ZPG)
Historical Stock Chart
From Apr 2024 to May 2024
ZPG (LSE:ZPG)
Historical Stock Chart
From May 2023 to May 2024