We are over 5,500 professionals across 43 countries dedicated to serving our clients’ real estate needs.
We combine deep local knowledge with global expertise to develop world-class solutions with world-class clients.
From fund management and valuation services, to supporting occupiers’ space requirements and third party administration of client estates, we seek success in a very straightforward manner:
- Client by client
- Property by property
We are DTZ.
Results
- Revenue: £364.1 million (2008: £446.3 million)
- Loss before tax and exceptional items: £35.1 million (2008: profit £20.6 million)
- Loss per share before exceptional items: 40.3 pence (2008: profit 17.6 pence).
Operational progress
- Strong performance by the Professional Services business, delivering revenue growth of 8%
- Resilient performances by both the Valuation and Consulting & Research businesses
- Senior management team reshaped – new Group Chief Executive and Executive Committee appointed.
Corporate progress
- Equity raising secured gross proceeds of £48.7 million
- Renegotiated banking facilities on favourable terms and arranged an additional credit facility of up to £15.0 million with largest shareholder, SGP
- Annualised cost savings delivered of over £30 million, plans in place to provide further annualised savings of at least £20 million in the year ending 30 April 2010.