Brief: Onthemarket - Current Trading In YTD In-Line With Board's Expectations

OnTheMarket

10/07/2023 07:32

July 10 (Reuters) - Onthemarket Plc  OTMPO.L :
    * FY ADJUSTED OPERATING PROFIT 4.3 MILLION STG VERSUS 2.7
MILLION
STG YEAR AGO
    * SEEN A POSITIVE START TO FY24 WITH CURRENT TRADING IN
YEAR-TO-DATE IN LINE WITH BOARD'S EXPECTATIONS
    * MACRO-ECONOMIC PICTURE REMAINS UNCERTAIN WITH MORTGAGE
AFFORDABILITY, STUBBORN INFLATION AND HIGH COST OF LIVING ALL
CONTRIBUTING TO A SLOWDOWN IN HOUSING MARKET ACTIVITY THROUGH Q2
    * EXPECTATION OF TOUGHER TRADING CONDITIONS IN SECOND HALF
OF
YEAR, WHICH MAY HAVE AN IMPACT ON GROUP
    * SALES MARKET IS PARTICULARLY CHALLENGING, WITH LOWER
LEVELS OF
NEW BUYER ACTIVITY AS WE MOVE TOWARDS SECOND HALF OF YEAR
    * CONTINUES TO EXPECT GROWTH IN REVENUE AND PROFITABILITY IN
FY24

Source text for Eikon:  ID:nRSJ4135Fa 
Further company coverage:  OTMPO.L 

 ((Reuters.Briefs@thomsonreuters.com;))