LSL Property Services expects profit to meet market consensus

LSL Property Services PLC on Wednesday said it made ‘good financial and operational progress’, saying the markets in which the firm operates are performing as expected.

The Newcastle Upon Tyne, England-based provider of services to mortgage intermediaries and franchised estate agencies expects to deliver further profit growth in 2025 in line with current market consensus.

In a statement ahead of its annual general meeting on Wednesday, LSL said it is focused on delivering ‘clear, earnings accretive and operational improvements by driving growth in each of our three divisions’.

In particular, LSL said it booked ‘material’ annual revenue growth within its Surveying arm during the four months that ended April 30.

The company said the roll-out of its new customer relation management system in the Financial Services division is underway, which it expects will deliver improved productivity for its business and customers.

LSL will release its interim results in September.

Its shares were down 3.1% to 286.00 pence on Wednesday afternoon in London.

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