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