Property group Savills warns of 2019 ‘uncertainties’

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Property group Savills warns of 2019 ‘uncertainties’


Savills made a pre-tax profit of £109.4m (€127m) in 2018
Savills made a pre-tax profit of £109.4m (€127m) in 2018

SHARES in Savills fell by over 4pc in London yesterday after the group reported a 3pc fall in profits last year.

The global real estate company also warned that this year would be overshadowed by macro-economic and political “uncertainties” around the world.

Savills made a pre-tax profit of £109.4m (€127m) in 2018, down from £112.4m (€131m) a year earlier. However, revenue increased 10pc to £1.76bn (€2bn), according to preliminary results from the group.

Savills, which has offices in Dublin, Cork, and Belfast, cited “particularly strong results” from investment teams in Ireland and Germany in 2018.

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Irish Independent

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