Rightmove increases its 2015 full year dividend by 23%

DividendMax Ltd.

Rightmove increases its 2015 full year dividend by 23%

Revenue up 15% to £192.1m (2014: £167.0m) with growth achieved across all business areas

Underlying operating profit up 16% to £144.3m (2014: £124.6m)

Underlying operating margin of 75.1% (2014: 74.6%)

Underlying earnings per share up 21% to 121.4 (2014: 100.3p)

£112.5m (2014: £103.4m) of cash returned to shareholders through dividends and share buybacks in the year

Final dividend of 27p (2014: 22p) per ordinary share making a total dividend of 43p for the year (2014: 35p), up


Operational Highlights

Agency and New Homes customers up 448 (+2%) since the start of the year to an all-time high of 19,752
(31 December 2014: 19,304)

Nearly 50%(3) more UK residential properties on Rightmove than on any other portal

Strong audience growth

o Rightmove's share of traffic of the top four UK property portals has grown across the board(4); on a time basis including desktop and mobile traffic it increased to 77% (January 2015: 74%)

o Visits up 18% year-on-year to a record 1.3bn (2014: 1.1bn)

o Pages viewed up 14% year-on-year to a record 17.5bn (2014: 15.4bn)

A record 49.8m leads generated for our advertisers, up 16% year-on-year (2014: 42.8m)

Average revenue per advertiser (ARPA)(5) up £70 (+10%) to £754 per month on the same period a year ago
(2014: £684)

Companies mentioned