Jul 30, 2024 / 08:00AM GMT
Guy Gittins - Foxtons Group PLC - Chief Executive Officer, Executive Director
Good morning, everyone, and thank you for joining the Foxtons 2024 half year results presentation. I'm joined by Chris Hough, our Group CFO, and we look forward to answering any questions at the end of the call.
Before moving onto the body of the presentation, it's worth taking a minute to recap on the Foxtons journey over the last 24 months to really put these results into context. The group saw a multiyear period of underperformance from 2016 to 2022, including a significant market share loss, no organic growth in lettings and underinvestment in the business, all while focusing on the wrong strategic priorities.
Consequently, the business's financial performance suffered as reflected in the share price. Since then, the business has changed significantly led by a refreshed executive team, Chairman and Board of Directors. And at the beginning of 2023, I presented and implemented an operational turnaround plan, including a new set of strategic priorities with a medium term target to deliver GBP25 million to
Half Year 2024 Foxtons Group PLC Earnings Call Transcript
Jul 30, 2024
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