Savills plc, the international real estate advisor, today announces its preliminary results for the year ended 31 December 2021.
Key financial highlights
- Group revenue up 23% to £2.15bn (2020: £1.74bn)
- Underlying* profit before tax up 107% to £200.3m (2020: £96.6m)
- Reported profit before tax up 120% to £183.1m (2020: £83.2m)
- Reported basic earnings per share (‘EPS’) up 114% to 104.9p (2020: 49.0p)
- Aggregate dividend of 55.4p to be paid in May 2022, includes a one-time special dividend of 27.05p
- Net cash** £340.7m (2020: £177.7m)
Commenting on the Group's results, Mark Ridley, Group Chief Executive, said :
"Savills has delivered a record performance in 2021, reflecting the significant recovery in residential and commercial transactional markets, supported by growth in our Investment Management and Advisory businesses.
Subject to the uncertainties of the global health and political environment, we expect real estate transaction volumes and discretionary spending to normalize in the year ahead, in tandem with the continued recovery of global markets emerging from pandemic-related disruption.
The Group has started 2022 in line with our expectations and our strong balance sheet supports our growth strategy to continue complementary acquisitions and significant hiring in our global operations."
Commenting on the results for France, Boris Cappelle, CEO of Savills France, said:
“We have expanded our Logistics and RCM departments in the past year and look to continue our success and increase market share in these areas in 2022. We have made some key recruits in all departments and have already won significant instructions this year. We are looking for recruiting more talents over the year to increase market share in all our markets and to expand our presence across France.”