REG - LSL Property Svcs. - AGM Statement

LSL Property ServicesAnnouncement

28/05/2025 07:00

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RNS Number : 2868K  LSL Property Services PLC  28 May 2025

28 May 2025

LSL Property Services plc ("LSL" or "Group")

AGM statement

Ahead of its Annual General Meeting, which is being held at 3pm today at The
Royal Lancaster Hotel, Lancaster Terrace, London, W2 2TY, LSL issues the
following update.

The Group continues to make good financial and operational progress, and we
expect to deliver further profit growth in 2025 in line with current consensus
expectations. The markets within which we operate are performing as
anticipated.

We are focused on delivering clear, earnings accretive and operational
improvements by driving growth in each of our three divisions. To that end, we
continue to develop our businesses and invest in them to fully leverage the
growth opportunities ahead. Each of our divisions is advancing in a range of
areas, notably:

·  Innovation & technology: the roll-out of our new CRM system in the
Financial Services division is underway. Once rolled out we expect it to
deliver improved productivity for our business and our customers. In
Surveying, we have carried out the successful testing of our automated
valuation model with a top five lender and we are now working towards
commercialisation.

·    Scaling up: This year, our Estate Agency franchise network has
expanded with four new territories, two of which are with new franchisees. In
addition, the Group supported franchisees in the purchase of three further
lettings books in the period to the end of April, following the three
purchases in FY24. In Surveying, we secured the contract renewal of a top
three lender client on a long-term basis, and we continue to focus on the
opportunity of direct-to-consumer, delivering material year-on-year revenue
growth in the four-month period to 30 April.

·    Recognition & talent: Reflecting the quality of our teams and our
market leading positions, we have been awarded the Mortgage Surveyor of the
Year and the Best Mortgage Club at the MoneyAge Mortgage Awards 2025.

The performance of the Group year to date underlines its ongoing progress. We
have a committed management team focused on seizing the growth opportunities
ahead, which includes leveraging more of the Group's collective strengths. The
Board thanks all colleagues for their efforts and support.

We look forward to providing a further update at our Interim results in
September.

 For further information, please contact:

 Adam Castleton, Group Chief Executive Officer
 Phil Clark, Investor Relations
 LSL Property Services plc                      investorrelations@lslps.co.uk (mailto:investorrelations@lslps.co.uk)

 Helen Tarbet
 Sophie Wills
 Toto Berger
 Burson Buchanan                                0207 466 5000 / LSL@buchanan.uk.com (mailto:LSL@buchanan.uk.com)

 

Notes on LSL

LSL is one of the largest providers of services to mortgage intermediaries and
estate agent franchisees.

Over 2,700 advisers representing over 11% of the total purchase and remortgage
market.

Its 62 estate agency franchisees operate in 310 territories.

LSL is also one of the UK's largest providers of surveying and valuation
services, supplying five out of the six largest lenders in the UK.

For further information please visit LSL's website: lslps.co.uk
(http://www.lslps.co.uk/)

 

LEI: 213800T4VM5VR3C7S706

 

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