Savills Plc Ord (SVLPF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning everyone, welcome to Margaret Street and thank you for joining us this morning despite the hot central line for some people. My name is Simon Shaw, CEO and I'm joined by Nick Sanderson, our Group Chief Financial Officer and today I'm actually delighted to be reporting on a very strong first half for Savills and also to really recognise the fact that we're at an inflection point, a genuine inflection point for this business having completed the Eastfield Secured Saddles transaction two weeks ago. So we'll probably spend a bit of time on both of those today. I hope that's changed. Yes, it has. The format for today is pretty standard. I'll take you through the highlights of our performance during the first half. Nick will take you through the financial details. And I also want to spend a little time looking at the context for our performance, which you'll see in a moment is very important. I'll then remind you of the strategy which we talked about back in March and together with some of the steps we've taken both in business firms down the line of saddles but also really still secure saddles. And then we'll try and do a bit of crystal ball gazing for 2026 as a whole. So let's crack on. This is a very strong set of results. in conditions that were far from easy in many of the markets in which we operate, so I'm particularly delighted with them. You can see from the chart on the right of this slide that all the major metrics are moving in the right direction, and this is essentially driven by three factors. First of all, our transactional business generally improving, which was, and I'm particularly glad to see, significantly assisted by a strong performance in our North American occupier-facing leasing market, but our capital transaction business also signif...