ZOOPLA PROPERTY GROUP PLC
Zoopla Property Group Plc (LSE:ZPLA) (the "Group"), which owns and operates some of the UK's most-trusted digital platforms including Zoopla, uSwitch, PrimeLocation and Property Software Group, today provides an update on current trading.
The Property Services division continues to trade in line with expectations and Management is pleased to report continued growth in the total number of property partners, with UK Agency partner numbers having grown for 16 consecutive months to 13,275 as at 31 August 2016 (up 5% year-on-year) and property listings increasing to 925k as at 31 August 2016 (up 5% year-on-year).
The Comparison Services division continues to outperform, driven by continued competitive supplier offers and a supportive regulatory environment across the home services switching market, with a particularly strong performance in the Energy vertical.
The Board anticipates FY16 EBITDA to be at the top end of current market expectations1. ZPG continues to invest in product innovation and marketing across both divisions and Management will provide a detailed update on the Group's strategy at its maiden Capital Markets Day on 15 September 2016 in London.
1. As at 7 September 2016, market expectations for Group FY16 EBITDA were in the range of £69m to £76m. (Source: Bloomberg).
This announcement contains inside information.
For further information, please contact:
Zoopla Property Group Plc
Head of Communications
07890 078 945
Head of Investor Relations
0207 620 4790
James Isola 020 7379 5151
About ZPG (www.zpg.co.uk)
ZPG Plc (LSE:ZPLA) (ZPG) owns and operates some of the UK's most-trusted digital platforms including Zoopla, uSwitch, PrimeLocation and Property Software Group. Our mission is to be the most useful resource for consumers when finding, moving or managing their home and the most effective partner for related businesses.
We help consumers to understand the market and make smarter decisions and professionals to operate their businesses more effectively. The Group benefits from its multi-brand, multi-channel approach and each of our brands has a distinct market position with an unrivalled proposition. Our websites and mobile apps attract over 50 million visits per month.
Zoopla is the UK's most comprehensive property website, helping consumers to research the market and find their next home by combining hundreds of thousands of property listings with market data and local information.
uSwitch is the UK's leading comparison website for home services switching, helping consumers to find the best deal and save money on their gas, electricity, broadband, TV, phone and personal finance products.
PrimeLocation is one of the UK's leading property websites, helping house-hunters in the middle and upper tiers of the market explore and find their dream home from the top estate and letting agents.
The Property Software Group is the UK's largest supplier of software and workflow solutions to the property industry and its brand portfolio includes Alto, Jupix, CFP, Vebra, Core, Encore, MyPropertyFile and MoveIT.
ZPG Plc was founded in 2007 and has a highly experienced management team, led by Founder & CEO, Alex Chesterman.
This information is provided by RNS