Foxtons Group plc (FOXT) Q4 2024 Earnings Call

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:06.339 Good morning everyone and thank you for joining the Foxton's 2024 full year results presentation. 00:00:06.339 -- 00:00:10.985 I'm joined by Chris Hough, Group CFO and we look forward to answering any questions at 00:00:10.985 -- 00:00:15.652 the end of the call. I will take you through some of the key financial and operational 00:00:15.652 -- 00:00:19.837 highlights and Chris will talk you through the numbers. 00:00:19.837 -- 00:00:25.585 Since I took over as Foxton CEO just over two years ago, we have achieved a huge amount. 00:00:25.585 -- 00:00:30.778 We've forensically reviewed every part of the business and identified and fixed the 00:00:30.778 -- 00:00:35.445 areas that contributed to underperformance prior to my arrival. 00:00:35.445 -- 00:00:40.753 Significant investment has gone into creating the upgraded Foxton's operating platform, 00:00:40.753 -- 00:00:45.981 strengthening some areas and building entirely new capabilities in others. 00:00:45.981 -- 00:00:50.928 And this investment was delivered by our highly dedicated staff across every part of 00:00:50.928 -- 00:00:52.710 our business. 00:00:52.710 -- 00:00:58.013 I set out medium term targets for each of our businesses, as well as at group level. 00:00:58.013 -- 00:01:03.280 We've progressed at pace beyond my expectations and are now well on track to deliver 00:01:03.280 -- 00:01:08.047 on these targets and in doing so create significant value. 00:01:08.047 -- 00:01:12.714 With the turnaround now complete, the business is totally focused on delivering growth 00:01:12.714 -- 00:01:16.759 and accelerating performance to meet our profitability targets. 00:01:16.759 -- 00:01:21.646 And pleasingly, we can now look forward to the next stage of growth, which will be present...