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Full year results for the year ended 30 September 2015 Zoopla Property Group Plc



TRANSFORMATIONAL YEAR WITH RECORD REVENUE AND PROFITS 


Full year results for the year ended 30 September 2015 Zoopla Property Group Plc (LSE: ZPLA)


 The digital media and lead generation platform that owns and operates some of the UK‘s leading online consumer brands including Zoopla, uSwitch and PrimeLocation announces its full year results for the year ended 30 September 2015




Business Highlights


  •  Revenue increase of 34% to £107.6m 
  • Adjusted EBITDA up 23% to £48.7m 
  • Solid ARPA3 growth in the Property Services division and continuous UK Agency membership growth since May 
  • Over 25 million leads generated for the Group‘s Property partners, including over 300,000 appraisal leads 
  • Strong performance in all verticals within the Comparison Services division since the acquisition of uSwitch 
  • Over 9 million leads generated for the Group‘s Comparison partners during the last 4 months of the Period 
  • Proposed final dividend of 2.5 pence per share, bringing the total dividend to 3.5 pence per share



Commenting on today’s announcement Alex Chesterman, Founder & CEO of Zoopla Property Group Plc It has been another transformational year for the business and I am very pleased with our performance as we delivered record revenue and Adjusted EBITDA of £107.6m and £48.7m respectively. We have made great progress towards our vision of becoming the consumer champion at the heart of the home with the acquisition of uSwitch, the leading home services comparison platform in the UK.


Zoopla Smart Knows

Our Property Services division achieved solid ARPA growth across every vertical – UK Agency, New Homes, Overseas and Commercial - demonstrating the Group‘s exceptional value proposition as one of the most costeffective digital marketing channels for property professionals. Traffic to our property platform remained strong with high levels of user engagement and we recently passed the significant milestone of over seven million downloads of our property apps.

Shares rose 5.2p to 245.98p, taking its market cap to just over £1bn.

The boss of Britain's second-largest property website Zoopla has warned of the negative effects of a low housing supply, as the company announced a "transformational" year with record revenue and profits.

UK Housing Market

Alex Chesterman, went on to comment about the UK housing market conditions lack of housing was causing problems for the market.

"The problem at the heart of the housing market is a supply issue so we certainly welcome everything the government is doing to solve the supply problems.

"The uncertainty of the election, reductions of mortgage relief earlier this year, increase on buy to let - all these things are not particularly positive.

"But there’s also an under-supply of properties available that can only be supported by increased supply," 


Mr Chesterman's comments came a week after the Chancellor George Osborne unveiled plans to build 400,000 new homes across England in what was billed as the biggest affordable housebuilding programme since the 1970s.


The Comparison Services division outperformed expectations in the four months since the acquisition of uSwitch, with both the Energy and Communications verticals benefitting from our market-leading position and increasingly competitive consumer deals. We continue to innovate across both divisions of the business in line with our mission of providing the most useful resources for consumers when finding, moving or managing their home and being the most effective marketing channel for related business partners.

Outlook We have seen further growth in membership numbers in the Property Services division since the end of the Period. Management is encouraged by the trend of continued UK Agency membership growth over the past seven consecutive months and is confident of delivering further membership and ARPA growth. Switching volumes within the Comparison Services division have continued to be strong since the end of the Period, especially in Energy where our recent collective switch saw record levels of consumer participation.

The Group will continue to invest across both divisions and to develop its integrated proposition. Management remains comfortable with market expectations for the 2016 financial year and our next trading update is scheduled on the day of our AGM, 25 February 2016.





Further Reading 

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