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RNS Number : 2502G
Zoopla Property Group
06 May 2014
6(th) May 2014
ZOOPLA PROPERTY GROUP REPORTS STRONG H1 GROWTH
Zoopla Property Group Ltd (ZPG), the digital media business and
operator of leading UK online property portals including Zoopla and
PrimeLocation, announces its half-year KPIs and financial
performance for the six months ending 31st March 2014.
The Group is experiencing record levels of traffic to its
websites and mobile apps with 39.9m monthly visits on average
during the period with mobile devices now accounting for over half
of the monthly visits as consumers use the Group's services to
search and research the property market at work, at home and on the
move.
With the increased levels of property market activity and
growing audience using its portals, ZPG's members are benefitting
from higher volumes of enquiries and as a result are increasingly
purchasing additional products over and above the standard
subscription packages with Premium Listings, Appraisal Booster and
Area Sponsorship being the top three most popular additional
marketing products.
And with UK house prices on the rise and homeowner confidence at
a 5-year high, according to the latest Zoopla Housing Market
Sentiment Survey, an increasing number of consumers are using the
Group's services to research the market with over 1.1 million
customised property value estimates (over 4 per minute) obtained on
the Zoopla website during the period.
Commenting on today's announcement Alex Chesterman, Founder
& CEO of Zoopla Property Group said, "We are delighted with the
strong growth in our audience and engagement levels over the first
half of this year as more and more consumers rely on our websites
and mobile apps to both search for properties and research the
property market. We remain focused on building a sustainable and
profitable business and continuing to deliver on our mission of
providing the most useful property resources for consumers and
being the most effective partner for property professionals across
the UK."
"We are pleased that we have continued to deliver even greater
value to our members whilst Group revenues have grown and as a
result we were able to pay an interim dividend to our shareholders
of GBP14m for the period."
Financial and operating information for the six months to 31st
March 2014
6 months 6 months YoY
to to variance
31 March 31 March %
2014 2013
---------------------------------- ---------- ---------- ----------
Average monthly visits (million) 39.9 29.0 +37%
---------------------------------- ---------- ---------- ----------
No. of advertising members
at period end 19,239 17,803 +8%
---------------------------------- ---------- ---------- ----------
No. of properties advertised
at period end 1,097,000 1,064,000 +3%
---------------------------------- ---------- ---------- ----------
Average revenue per member
per month GBP301 GBP251 +20%
---------------------------------- ---------- ---------- ----------
Revenue GBP38.3m GBP30.3m +26%
---------------------------------- ---------- ---------- ----------
Adjusted EBITDA GBP18.7m GBP14.8m +26%
---------------------------------- ---------- ---------- ----------
-ENDS-
For further information, please contact:
Lawrence Hall at ZPG lawrence.hall@zpg.co.uk on 020 7620 4618 or
07890 078 945
Dan Yea at Maitland on dyea@maitland.co.uk on 020 7379 5151
Key Performance Indicators - definitions
The Group has identified a number of financial and non-financial
key performance indicators ("KPIs") to measure progress against the
Group's strategic objectives.
Adjusted EBITDA
Excluding share based payments and exceptional costs.
Visits
Visits comprise individual sessions on the Group's websites and
mobile applications by users for the period indicated as measured
by Google Analytics.
Number of members
The Group's number of members as at a given date represents the
total number of estate/lettings agency branches (UK - March 2014:
16,613, March 2013: 15,645; Overseas - March 2014: 352, March 2013:
250 ) and new home developments (March 2014: 2,626; March 2013:
2,158) paying subscription fees to advertise their property
listings on the Group's platform at such date.
Number of listings
The Group's number of listings as at a given date represents the
total number of properties being advertised for sale or rent on the
Group's platform at such date. Individual properties advertised by
multiple members are counted as separate listings for these
purposes.
Average revenue per member
Average revenue per member is the total monthly revenue from
agents and developers for a given period divided by the average
number of Group members for such period.
About Zoopla Property Group
Zoopla Property Group Ltd is a digital media business that owns
and operates some of the UK's leading online property brands
including Zoopla, Primelocation, SmartNewHomes and HomesOverseas.
Each of our brands has a distinct market position and attracts a
unique audience, delivering increased exposure and enquiries for
our members.
Over 16,500 estate agent and lettings agent branches across the
UK advertise on our websites each month in addition to all the
leading new homes developers. Our websites and mobile apps attract
40 million visits per month and generate over 2 million enquiries
per month for our member estate/letting agents and property
developers.
Zoopla.co.uk is the UK's most comprehensive property website,
focused on empowering users with the resources they need to make
better-informed property decisions. We help consumers both find
their next home and research the market by combining hundreds of
thousands of property listings with market data, local information
and community tools.
Primelocation.com is one of the UK's leading property websites,
focused on helping house-hunters in the middle and upper tiers of
the market find their next home with listings advertised by all of
the top estate and letting agents across the UK.
SmartNewHomes.com is the UK's #1 website exclusively for new
build properties and lists new developments available for sale from
all the leading UK housebuilders.
HomesOverseas.co.uk is the UK's leading website dedicated
entirely to helping users find the perfect holiday property
abroad.
In addition to operating our own websites we exclusively power
the property search facility on a number of the UK's biggest
websites which means that we offer our members exposure to an
unrivalled property audience in the UK. Our exclusive partnerships
include The Times, The Telegraph, Independent, Evening Standard,
The Daily Mail, Homes & Property, AOL, MSN, Homes24 and many
more.
Zoopla Property Group Ltd was founded in 2007 and is a privately
held company with a highly-experienced management team, led by
Founder & CEO, Alex Chesterman.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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