Martinco plc Provides Trading Update for the Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015
The Board is confident that the prospect of rising interest rates and uncertainty during a General Election year will not materially affect trading prospects for 2015. Whilst the acquisition of Xperience adds to the Group's estate agency business and to its footprint within the M25, MartinCo remains largely lettings-led across the UK. The outlook remains positive as the lettings market continues to experience strong tenant demand in a market characterized by an undersupply of rented housing. In addition to forecast organic growth, the Board will continue to evaluate selective acquisitions that fit with its specific criteria.