Savills PLC
30 April 2001
For immediate release 30 April 2001
AGM STATEMENT
At today's Annual General Meeting of Savills plc, the international property
adviser, Chairman, Richard Jewson said:
'Since the announcement of results made at the beginning of March, the Group
has continued to perform in line with our expectations albeit in more
difficult market conditions.
'The recent uncertainty in world stock markets has led to some caution
particularly in the UK commercial sector and in Asia Pacific where the level
of transactions has slowed. However, the UK residential market remains active
and our mainland European commercial business continues to thrive. Our
property and facilities management businesses, including the Trammell Crow
Savills joint venture, continue to grow in Europe and Asia Pacific.
'We remain optimistic about prospects for the remainder of the year but expect
trading conditions to be challenging.'
ENDS
For further information, please contact:
Grandfield
Harry Hunt / Charles Cook 020 7417 4170
Notes to editors
Savills plc is a leading international property services company with a full
listing on the London Stock Exchange. The company has undergone dynamic growth
in recent years establishing itself as a powerful player on the international
stage with offices and associates throughout the UK, Europe, Asia Pacific and
Africa. In addition, Savills' strategic alliance with a top US full service
real estate advisory company, Trammell Crow Company, in North America, means
that clients have access to a network of offices in the US and Canada.
FPDSavills is the trading name for the property service subsidiaries of
Savills plc which advise on commercial, rural, residential and leisure
properties. Other services include corporate finance advice, property and
venture capital funding and a range of property related financial services.
*A Private Investor is a recipient of the information who meets all of the conditions set out below, the recipient:
Obtains access to the information in a personal capacity;
Is not required to be regulated or supervised by a body concerned with the regulation or supervision of investment or financial services;
Is not currently registered or qualified as a professional securities trader or investment adviser with any national or state exchange, regulatory authority, professional association or recognised professional body;
Does not currently act in any capacity as an investment adviser, whether or not they have at some time been qualified to do so;
Uses the information solely in relation to the management of their personal funds and not as a trader to the public or for the investment of corporate funds;
Does not distribute, republish or otherwise provide any information or derived works to any third party in any manner or use or process information or derived works for any commercial purposes.
Please note, this site uses cookies. Some of the cookies are essential for parts of the site to operate and have already been set. You may delete and block all cookies from this site, but if you do, parts of the site may not work. To find out more about the cookies used on Investegate and how you can manage them, see our Privacy and Cookie Policy
To continue using Investegate, please confirm that you are a private investor as well as agreeing to our Privacy and Cookie Policy & Terms.