Source - SMW
Countrywide has warned that total income and earnings for the year ended 31 Dec will be down on last time.

The group said total income was expected to be around £672m (2016: £737m), with Q4 income of circa £164m (2016: £179m).

It said EBITDA for 2017 was expected to be around £65m (2016: £83.5m).

It said total income in the sales and lettings business for the full year was expected to be circa £360m, down 14% on 2016, reflecting a disappointing fourth quarter performance. 

It said income in the UK business was expected to be circa £205m, down 17% year on year, and in London was expected to be circa £155m, down 10% year on year.  

Lettings income was expected to be down 4% at circa £169m, driven by an 8% decline in the UK, with London lettings revenue flat year on year.


At 8:30am: (LON:CWD) Countrywide Plc share price was -23.8p at 111.4p