Cuntrywide plc Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2016; Provides EBITDA Guidance for the Year Ended December 31, 2016
For the year, the group income was £737 million against £734 million a year ago.
The company provided EBITDA guidance for the year ended December 31, 2016. EBITDA for 2016 is expected to be in line with the current range of market expectations. As anticipated, the underlying level of market transactions in Fourth Quarter continued to run below 2015 and the company continues to expect full year 2016 market volumes to reflect a drop of circa 6% on 2015 levels.