Foxtons Group plc (FOXT) Q2 2023 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.453 -- 00:00:05.279 Good morning, everyone, and thank you for joining the Foxen's 2023 interim 00:00:05.279 -- 00:00:07.542 results presentation. 00:00:07.542 -- 00:00:12.568 I'm joined by Chris Hough, Group CFO, and we will both be available at the end of 00:00:12.568 -- 00:00:16.771 the call to answer any questions you may have. 00:00:16.973 -- 00:00:21.539 To provide an outline of the running order, I will start by giving an overview of our 00:00:21.539 -- 00:00:26.666 performance in H1 and commentary on the market environment. 00:00:26.666 -- 00:00:31.376 Chris will then take you through the financials And I will finish with an update on our 00:00:31.376 -- 00:00:37.021 operational initiatives, an update on delivery against our strategic priorities, 00:00:37.021 -- 00:00:43.007 and finally some thoughts on trading in July and an outlook for the rest of the year. 00:00:43.007 -- 00:00:48.673 As everybody is undoubtedly aware, we are operating in a challenging market environment. 00:00:48.673 -- 00:00:53.697 However, as I laid out in March, there is still significant unfulfilled potential 00:00:53.697 -- 00:00:58.755 within the business. And whilst this is our first step on the journey, I am excited by 00:00:58.755 -- 00:01:02.417 the rapid progress that we have made to date. 00:01:02.900 -- 00:01:08.326 Turning to slide five. On this slide, we've presented some key financial and operational 00:01:08.326 -- 00:01:10.749 highlights for H1. 00:01:10.749 -- 00:01:15.875 As you can see, we've made significant progress in a short space of time against a challenging 00:01:15.875 -- 00:01:21.020 market backdrop, and we are delivering upgrades in our operational capabilities to 00:01:21.020 -- 00:01:24.262 rebuild our competitive advantages. 00:01:24.324 --...