Friday 22 March 2019

Property group Savills warns of 2019 'uncertainties'

Savills made a pre-tax profit of £109.4m (€127m) in 2018
Savills made a pre-tax profit of £109.4m (€127m) in 2018
Ellie Donnelly

Ellie Donnelly

SHARES in Savills fell by over 4pc in London yesterday after the group reported a 3pc fall in profits last year.

The global real estate company also warned that this year would be overshadowed by macro-economic and political "uncertainties" around the world.

Savills made a pre-tax profit of £109.4m (€127m) in 2018, down from £112.4m (€131m) a year earlier. However, revenue increased 10pc to £1.76bn (€2bn), according to preliminary results from the group.

Savills, which has offices in Dublin, Cork, and Belfast, cited "particularly strong results" from investment teams in Ireland and Germany in 2018.

Irish Independent

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