Rightmove announces that its 2019 full results will be released at the end of February

February 6, 2020
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Consumers and professionals alike have been anticipating the results of Rightmove's 2019 financial report.

Yes, it’s that time of year again. Rightmove has announced that its full results for 2019 are to be released to the City on 28th February, its company secretary Sandra Odell has stated.

The results will be published at 7:00 am followed by a presentation for analysts which will be held at the offices of Rightmove’s City adviser UBS at 9.00 am.

But while investors will be licking their lips in expectation of another set of record results to boost their client’s pension funds, ISAs and other investment vehicles, this year may not be the usual profits jamboree.

Two dark clouds loom over Rightmove despite another 12 months of no-doubt incredible profits and continuing share buy-backs.

Last year criticism of the annual price increases introduced by the company were at their most strident among agents annoyed by double-digit increases despite difficult sales and lettings markets. These pushed the annual revenue for the branch to over £1,000 a month for the first time, although many agents had been paying this for some time already.

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February 6, 2020

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