Savills posted strong revenue and profit growth in the first half of 2025, despite a subdued transactional market in the second quarter.
In a trading update, the company saw its H1 revenue increase 6% to £1,127.8m compared with the same period last year and its underlying profit before tax grow 10% to £23.3m.
Transaction advisory revenue rose 2%, driven largely by a strong Q1. However, Savills said activity had slowed in Q2 as a result of economic and trade policy uncertainty.
Consultancy revenue rose 20% and the company’s property and facilities management revenue was up 5%. Savills Investment Management’s revenue was down 6% in the first half of the year.
Mark Ridley, group chief executive of Savills, said: “The year started well with Q1 performance comfortably ahead of the prior year, reflecting progressive recovery in most markets. Q2 saw a slowing of transactional activity as occupiers and investors digested the implications of tariffs and geopolitical events.
“Our performance reflects the geographic weighting of our capital markets business towards EMEA and Asia Pacific with our exposure to the recovery seen in capital market transactions in North America relatively low. On the basis of ever stronger transactional pipelines, we believe the slowdown in our core markets will prove to be temporary and I am delighted with the performance of our teams worldwide in helping clients navigate these changing dynamics.
“Our less transactional businesses continue to provide a solid platform for the group with a resilient earnings stream. The group’s strong balance sheet allows us to pursue business development opportunities in anticipation of market improvement to come. Our expectations for the year remain unchanged although the final outturn will clearly depend upon the pace at which our strong pipelines unlock through the second half of the year.”
