skip to Main Content
 

Three Quick Facts: Deliveroo, DFS and Savills

*

Three things you need to know in the financial markets today from investment writer, Tony Cross.

#1. Deliveroo management promise profitability soon

Deliveroo [LON:ROO] has published full year numbers this morning, noting a 14% uptick in revenues, a 30% improvement in gross profits and a 150bps improvement in margins. However despite this the company remains lossmaking, with EBITDA coming in at -£70.5m, although that’s significantly improved on a year ago and management believe that FY23 will see a reading of £20m-£50m, weighted into the second half despite the uncertain macroeconomic outlook.

#2. DFS rising costs and price cuts weigh

Furniture retailer DFS [LON:DFS] posted interims for the 26 weeks to 26th December today. Revenues fell marginally but EPS was rattled, off by more than two thirds. That has resulted in dividend payments being pared back from 3.7p to just 1.5p. A combination of pricing strategy and cost increases have taken a toll here. The company may be growing market share, but the investor reaction will be worth watching.

#3. Savills: mixed outlook but company performing ahead of expectations

International estate agent Savills [LON:SVS] has published full year results to 31st December. Group revenues are up 7% but in a familiar story of rising costs, underlying profits fell some 18%. Investors are however still being rewarded with an ordinary dividend of 29p, up from the 28.35p paid a year ago, but without the 2022 special dividend. Despite challenging conditions, performance was ahead of management expectations. Uncertainty over interest rates may weigh in the year ahead, although there’s optimism that the reopening of China may prove supportive.

Like this article? Sign up to our free newsletter.

This article does not constitute investment advice. Do your own research or consult a professional advisor.

The Armchair Trader's 'How to' Guides

In-depth Reports

Detailed reviews of selected companies and investment trusts.

Thanks to our Partners

Our partners are established, regulated businesses and we are grateful for their support.

Aquis
Capital.com
FP Markets
IG
Pepperstone
Tickmill
WisdomTree
Back To Top