OnTheMarket sees FY in line with revised guidance
OnTheMarket
109.00p
16:50 11/12/23
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Online property portal OnTheMarket said it expected to report adjusted operating profit in line with raised expectations, driven by commercial partnerships.
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The company forecast adjusted operating profit for the year to January 31 of around £2.6m compared with £2.4m a year earlier. Guidance issued last month forecast profits of at least £2.5m.
Revenue was seen rising to £30.8m compared with £23m.
The company said it experienced further operational progress in fiscal 2022, including the implementation of a number of commercial partnerships. Recent partnerships include arrangements with Brickflow, Autoenhance.ai and Sprift.