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Savills turns in record 19% revenue rise

Savills-logo-THUMB.jpegSavills announced record results for 2015, with a 19% rise in revenue to £1.3bn and transaction advisory fees up 25% to £618m.

The growth helped it deliver a profit of £121.4m, up 21% on 2014. The firm’s earnings per share rose 14% to 63.2p, in line with expectations.

The US business was the fastest growing region, with revenues up 71% on 2014 to £192.5m.

Following its acquisition of SEB Asset Management last August, Savills Investment Management also posted record income of £44.5m, up 59%, of which £10.9m was profit.

Savills predicts a strong 2016 in the US but muted performance in Asia and the UK.

Chief executive Jeremy Helsby said: “The uncertainties over Brexit in the UK and stamp duty in April will not have a huge effect.” He added that he expected performance to remain stable.

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