Profit warning at DTZ
Published: 28 October, 2010
Global property services group DTZ has warned that it will make a loss this year
In a Stock Exchange statement the company said: “While our pipeline is good, we continue to see protracted transaction lead times and consequently believe some of the recovery in transaction activity which we expected to come through in the second half of our current financial year will now be pushed back into the next financial year.
“Consequently, the Group expects its results for the full year to 30 April 2011 to be below current market expectations and expects to report a small loss for the year.
“Longer term we are confident that our earlier significant restructuring programme, coupled with our strategy to continue to invest selectively in key revenue generating areas, means the Group is in a good position to grow its top-line revenue and profitability.”
