Savills perform well despite market difficulties

Savills plc, the international property adviser, today announced results for the year ended 31 December 2001.

Group pre-tax profit £21.6m
Group turnover £235.4m
Earnings before interest, tax, depreciation and amortisation (EBITDA) £28.9m
Basic earnings per share 24.2p

Final dividend of 6.5p per share making a total for the year of 9.75p, representing an annualised 8% increase over the dividend of 6.0p for the eight months to 31 December 2001

Richard Jewson, Chairman of Savills plc, comments: '2001 has been a testing year with financial markets showing negative returns and many businesses latterly disrupted by the terrorist attacks in the US. Against this background Savills has performed well and I am pleased to announce pre-tax profits of £21.6m. As in previous years, the second half profit has exceeded the first half by some 14% for 2001.

'We are confident that we are in a good position to continue to increase market share and to take advantage of economic recovery when it comes in the markets in which we operate.'

For further details please visit

(source: FPD Savills)

Related News