Savills plc SVS no longer has estate agencies in the UK. They have gone posh, moved up market and now describe themselves as operating residential transaction businesses. That really will send the share price rocketing. Whatever they call themselves they have experienced a stronger than anticipated finish to the year, with the UK proving resilient in achieving year on year revenue growth in challenging markets. Asia. Pacific and continental European transactional businesses have performed ahead of expectations and underlying results for the year to 31st December will be ahead of previous expectations.
Dunelm Group DNLM Quarter 2 and second half sales provide further evidence of the rise and rise of online sales and the decline and fall of old fashioned store sales. Dunelm continued to gain market share in the six months to the 30th December with total revenue rising by 13.6% in the second quarter and 18.4% over the half year. The star performer was however like for like online sales with rises of 30.5% and 36.8% respectively, compared to a lowly 1.1% for quarter two like for like store sales. The writing is well and truly on the wall, with online sales now accounting for 16% of total sales.
JD Sports Fashion JD Headline profit before tax for the year to the 3rd February will now be about 300m., slighty above previous expectations. Positive levels of performance have continued throughout the second half and like for like store sales, including Europe have grown by 3.3%, with further growth coming from online sales and expansion in overseas selling space.
Greggs plc GRG Fourth quarter trading was particularly favourable and provided the 17th consecutive quarter of like for like sales growth. Like for like sales in company managed shops rose by 3.7%. As at the 31st December Greggs had 1854 shops open and will increase the rate new shop openings in 2018 from last years 131. Industry wide cost pressure are expected to ease in 2018 but the customer environment is still seen as uncertain and emphasis will continue to be placed on what the company describes as providing outstanding customer value.
1PM PLC OPM Group revenue for the six months to the 30th November rose by 74% and profit before tax by 77% of which 34% was organic, as the group’s stated strategy proved to be successful.