REG - Foxtons Group PLC - Capital Markets Event 2025

FoxtonsAnnouncement

Wed 07:00

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RNS Number : 3010L  Foxtons Group PLC  04 June 2025

Foxtons Group plc

Capital Markets Event 2025

 

Delivering the next stage of growth, including a new target to deliver £50m
of adjusted operating profit in the medium-term.

 

4 June 2025 - Foxtons Group plc (LSE: FOXT) ("the Group" or "Foxtons") is
today hosting a Capital Markets Event to outline the next phase of its growth
strategy.

 

Today, the Group will introduce new medium-term financial targets, including a
target to deliver £50m of adjusted operating profit¹ - more than double the
amount achieved in 2024². The updated targets reflect the significant
progress made to date, the scale of the opportunity ahead and the continued
momentum towards the Group's original target of delivering £28m to £33m of
adjusted operating profit, as announced in March 2023.

 

The Capital Markets Event will take place today from 9:30am to 11:30am at the
London Stock Exchange, 10 Paternoster Square, London EC4M 7LS, for
pre-registered attendees. A live virtual broadcast will also be available to
professional investors and market participants via the London Stock Exchange's
Spark Live platform, accessible through the link below. The presentation will
be followed by an opportunity to ask questions of the management team.

 

Strategy and operating model built for scale

 

Foxtons' strategy and operating model are designed for scale, built on a
strong foundation that positions the business to deliver the next level of
growth. The focus remains on growing non-cyclical and recurring Lettings
revenue, both organically and through acquisitions, alongside enhancing
profitability in Sales and increasing cross-sell opportunities within
Financial Services.

 

The delivery of the strategy is underpinned by the industry-leading Foxtons
Operating Platform, which brings together best-in-sector technology, advanced
data capabilities powered by over 20 years of data, a leading brand,
best-in-class people and training, and a scalable hub-and-spoke model that
creates significant operating leverage. Upgrades to the Operating Platform
across technology, data, customer experience and people and culture will
further strengthen Foxtons' competitive advantages and support continued
growth:

 

·    Acceleration of the acquisition strategy and expanding into new
markets: The Group will focus on bolt-on acquisition opportunities within
Foxtons' core London market, as well as expanding its footprint into new, high
value commuter markets.

 

·    Integrating data and AI across the technology stack: Since 2021,
Foxtons has embedded data at the heart of its operations, driving consistent
market outperformance and establishing itself as a data-led estate agency. The
Group is now enhancing its proprietary, estate agency-optimised tech platform
with AI to improve decision-making and operational efficiency. Initial AI
application in propensity modelling, lead scoring and customer service systems
are already demonstrating clear commercial impact and delivering measurable
ROI.

 

·    Driving loyalty across the customer lifecycle: Foxtons is developing
a customer-centric strategy aimed at increasing customer lifetime value by
focusing on long-term customer engagement and retention. Technology plays a
key role, with initiatives designed to enhance the customer experience and
build lasting relationships, including real-time feedback systems, AI
sentiment analysis, and a bespoke end-to-end digital Lettings platform.

 

·    People, culture and training: People are at the heart of estate
agency, and the Group continues to invest in training and culture to support
high performance. This focus ensures teams are equipped to deliver exceptional
service and remain a key driver of the Group's competitive advantage.

 

Guy Gittins, CEO of Foxtons, said: "Today, we set out stage two of our growth
plan, building on the strong progress we've made over the past few years to
reshape the business. We have more than doubled our profit since 2021 and our
ambition is to double it again in this next phase of growth, and accordingly
we have set out a new target to deliver £50m of adjusted operating profit in
the medium term.

 

"We have a clear and scalable strategy, an industry leading operating platform
and a commitment to delivering outstanding results for our customers through
reliable, high-quality service. I'm excited about the opportunity ahead, and
I'm confident we have the right strategy, people and the best technology-led
platform in the industry to power our future growth and create long term value
for shareholders."

 

The virtual presentation link can be accessed at the following link:
https://sparklive.lseg.com/FoxtonsGroup/events/d34a80ed-0c20-4a27-89be-53790b90436e/foxtons-group-plc-capital-markets-event-june-2025
(https://sparklive.lseg.com/FoxtonsGroup/events/d34a80ed-0c20-4a27-89be-53790b90436e/foxtons-group-plc-capital-markets-event-june-2025)
.

 

The presentation materials will be available following the event at the
Group's corporate website: https://www.foxtonsgroup.co.uk
(https://www.foxtonsgroup.co.uk) .

 

The Group will release its H1 2025 results on 30 July 2025. No further
information on trading will be provided at the Capital Markets Event.

 

 

For further information, please contact:

 

 Foxtons Group plc                         investor@foxtonsgroup.co.uk (mailto:investor@foxtonsgroup.co.uk)

 Muhammad Patel, Investor Relations        +44 20 7893 6261

 Cardew Group                              Foxtons@cardewgroup.com (mailto:Foxtons@cardewgroup.com)

 William Baldwin-Charles / Olivia Rosser   +44 7834 524 833 /  + 44 7552 864 250

(1) Adjusted operating profit is defined as profit before tax before
amortisation of acquired intangibles, finance income, finance cost, other
gains/(losses) and adjusted items.

(2) 2024 reported adjusted operating profit of £21.6m.

 

 

 

About

Founded in 1981, Foxtons is London's leading estate agency and largest
lettings agency brand, with a portfolio of over 31,000 tenancies. The Group
operates from a network of interconnected branches in London and high growth
commuter towns, offering a range of residential property services across three
business segments: Lettings, Sales and Financial Services.

 

The Group's strategy to accelerate growth is focused on non-cyclical and
recurring revenues from Lettings and Financial Services refinance activities,
supplemented by market share growth in Sales. This growth is underpinned by
its key competitive advantage, the Foxtons Operating Platform, which comprises
unrivalled and market leading technology and data capabilities, its leading
brands, unique hub and spoke model and its performance-led and inclusive
culture.

 

To find out more, please visit www.foxtonsgroup.co.uk
(http://www.foxtonsgroup.co.uk) .

 

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