Zoopla books rising profit and reveals Dutch deal
ZPG said sales rose 24% to £244.5 million in the year to September, while pre-tax profits nudged up 4% to £48.1 million as it booked a record 648 million online visits.
The company behind online property portal Zoopla has reported rising revenue and announced the acquisition of a Dutch analytics firm for 30 million euros (£26.5 million) as it continues an expansion drive.
ZPG said sales rose 24% to £244.5 million in the year to September 30, while pre-tax profits nudged up 4% to £48.1 million as it booked record traffic of 648 million online visits.
Founder and chief executive Alex Chesterman put the results down to a combination of “underlying organic growth and further strategic acquisitions”.
The group’s property arm saw revenue rise 41% to £122.3 million, helped by acquisitions, and ZPG’s price comparison unit booked a 10% increase in sales to £122.2 million.
ZPG, which owns uSwitch and Money.co.uk, also revealed the takeover of Calcasa, which it describes as a leading provider of residential property market analysis in the Netherlands.
ZPG said the deal will see the creation of the largest residential property valuation database in Europe.
It comes after a failed attempt to take over GoCompare for £460 million earlier this month.
Mr Chesterman said: “This is another example of a transaction that fits perfectly with our strategy. Calcasa is a market-leading business that we know well with strong underlying growth and which we believe will be even stronger under our ownership.
“And we are buying the business at a price that is accretive to our shareholders.”