Finance

Winkworth warns on full-year revenue and profit

By 2023-07-12T08:51:00

Winkworth Chief Executive Dominic Agace

Estate agent group M Winkworth has told investors that a “more challenging” market will lead to revenue and profit falls in its current financial year due to rising interest rates and low mortgage availability.

Preliminary figures for the first half of 2023 indicate a 6% fall in gross income, with sales revenues down 20% but lettings revenue around 11% higher compared with the same point last year.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Try Property Week For Free to finish this article.

Sign up now for the following benefits:

  • Unlimited access to Property Week
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article TRY FOR FREE NOW

Don’t want full access? REGISTER NOW to read this article and up to 3 more this month and subscribe to our newsletters.

Registered users and subscribers SIGN IN here to continue