Rightmove increases its 2015 interim dividend by 23%

DividendMax Ltd.

Rightmove increases its 2015 interim dividend by 23%

Financial highlights

Revenue up 16% with growth achieved across all business areas

Underlying operating profit(1) up 18%

£52.9m (2014: £56.3m) of cash returned to shareholders through dividends and share buybacks in the period

Interim dividend increased by 3.0p to 16.0p (2014: 13.0p) per ordinary share, up 23%

Operational Highlights

Agency and New Homes customers up 286 (+1%) since the start of the year to an all-time record 19,590
(31 December 2014: 19,304)

10% increase in UK residential property listings on Rightmove since the start of the year to 1.1m
(31 December 2014: 1m), which is 50%(3) more than any other portal

Strong audience growth

o Rightmove's share of traffic to the top four UK property websites increased to 82%(4) (June 2014: 77%)

o Visits up 17% year on year to a record 110m per month (H1 2014: 94m)

o Pages up 13% year on year to a record 1.52bn per month (H1 2014: 1.35bn)

14% increase in the number of leads generated for our customers, to an average of 4.2m per month (H1 2014: 3.7m)

Average revenue per advertiser (ARPA)(5) up 10% to £740 per month on the same period a year ago
(H1 2014: £671)

Companies mentioned