TIDMLSL 
 
RNS Number : 9407Q 
LSL Property Services 
22 April 2009 
 

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| For Immediate Release                  |                         22 April 2009 | 
+----------------------------------------+---------------------------------------+ 
 
 
 
 
LSL Property Services plc 
(the 'Group') 
 
 
Interim Management Statement & AGM Statement 
 
 
LSL, a leading provider of residential property services, incorporating estate 
agency, financial services and surveying businesses is today holding its 2009 
Annual General Meeting and issues this Interim Management Statement. 
 
 
Roger Matthews, Chairman of LSL, will make the following statement: 
 
 
"We are pleased to report that, against a market backdrop that continues to be 
challenging, overall the Group has traded slightly better than our expectations. 
 
 
The volume of house purchase transactions continue to be at an historic low, but 
more recently the level of buyer enquires and activity in our estate agency 
business has been encouraging. The Group will also benefit from a substantially 
reduced cost base in 2009 and the continued growth of counter-cyclical income 
stream businesses, such as lettings and repossessions asset management. 
 
 
Turnover for the quarter ended 31 March 2009 compared with the same period in 
2008 was as follows: 
  *  Group turnover for the period was down by 28% 
  *  Surveying turnover was down by 25% 
  *  Estate Agency and Financial Services turnover was down by 32% 
 
 
 
 
 
Outlook: 
The Board remains appropriately cautious about the outlook for 2009 and the 
Group will continue to demonstrate strong cost control and cashflow management. 
The systemic lack of liquidity in the lending market and concern around 
unemployment are expected to continue to suppress UK housing market activity in 
the short to medium term. As a consequence, the timing of a return to more 
"normalised" market conditions remains uncertain. Against this background, the 
Group continues to demonstrate an encouraging level of resilience, is well 
capitalised and well placed to deliver significant growth as and when market 
activity improves." 
 
 
 
 
For further information please contact: 
 
 
 
 
+---------------------------------------------------+-------------------------+ 
| Simon Embley, Group Chief Executive Officer       |                         | 
+---------------------------------------------------+-------------------------+ 
| Dean Fielding, Group Finance Director             |                         | 
+---------------------------------------------------+-------------------------+ 
| LSL Property Services plc                         |                   01904 | 
|                                                   |                   715   | 
|                                                   |                   324   | 
+---------------------------------------------------+-------------------------+ 
|                                                   |                         | 
+---------------------------------------------------+-------------------------+ 
| Richard Darby or Catherine Breen                  |                         | 
+---------------------------------------------------+-------------------------+ 
| Buchanan Communications                           |                   020   | 
|                                                   |                   7466  | 
|                                                   |                   5000  | 
+---------------------------------------------------+-------------------------+ 
 
 
 
 
 
 
Notes to Editors: 
 
 
LSL is one of the leading residential property services companies in the UK and 
provides a broad range of services to its clients who are principally mortgage 
lenders, as well as buyers and sellers of residential properties. 
 
For further information, please visit: www.lslps.co.uk 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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