Purplebricks ‘on course to meet full year expectations’ as it faces vote on future of chairman

By David Parsley2022-12-08T08:55:00

Source: Shutterstock/D. Pimborough

Online estate agency Purplebricks has told shareholders it is on course to meet full-year expectations and that its turnaround plan is “being delivered at pace’, as it faces criticism from an activist investor.

The group’s half-year figures for the six months to the end of October showed annualised cost savings increased from £13m to £17m. The company claimed that the “financial benefits of the plan will start to come through” in the second half of the financial year and “drive positive cash generation” early in the 2024 financial year.

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