Rightmove PLC — Management Reports 2014

May 7, 2014

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RIGHTMOVE PLC - Interim Management Statement

PR Newswire

London, May 6

                         Embargoed for release at 07.00 hours, 7th May 2014                                 RIGHTMOVE PLC                         INTERIM MANAGEMENT STATEMENTRightmove plc ("Rightmove"), the UK's number one property website, todaypublishes its Interim Management Statement for the period from 1st January 2014to 7th May 2014. Financial and operating information relates to the period1st January 2014 to 30th April 2014 unless otherwise stated.Current tradingThe positive start to 2014 that we reported at our Full Year results at the endof February has continued throughout the period:  \* Our audience continues to grow, with page impressions up 14% on the same    period last year and we continue to be ranked in the top ten most popular    websites in the UK alongside global brands such as Google, Facebook,    YouTube, eBay and Amazon  \* We generated a record 14.8 million enquiries for our customers, an increase    of 30% on the same period last year  \* Average Revenue per Advertiser (ARPA) has shown healthy growth, reflecting    further adoption of our additional advertising products and packages and    the effect of increases to our membership fees  \* The number of agency and new homes advertisers at the end of April stood at    18,743, up 2% on December 2013.We continue to promote our brand in order to further increase our audiencereach for our customers. We ran a national TV campaign in January and Februaryand in April we launched our new \`find your happy' national marketing campaign.This cross-platform campaign includes outdoor, online and mobile advertising,social media and a new national TV advert.We set a new monthly record for traffic in January with 1.45 billion pagesviewed across all our platforms and a record 5.5 billion pages for the period.The growth in traffic is being driven by mobile with our latest highly ratedmobile apps and mobile optimised website delivering over 2 billion pages. Thisincrease in traffic has generated a record number of over 3.5 million enquiriesper month for our customers, equating to more than one enquiry every second.Agency & New HomesARPA for the period in our Agency and New Homes business units both increasedas a result of further adoption of additional advertising products andpackages, as well as membership fee price increases. Spending by our customerson additional products and packages has driven the majority of the growth andis up over 30% compared to the same period last year.Agency membership at the end of April stood at 16,458, a 2% increase since thestart of the year, whilst the number of developments at the end of April stoodat 2,285, an increase of 1% since the start of the year.Other businessesOur data services, overseas homes and commercial businesses, all modestcontributors in terms of overall revenue, continue to trade healthily.Return of capital and financial positionAs previously announced, the final dividend for 2013 of 17p per share will bepaid on 6th June 2014 to members on the register on 9th May 2014, subject toapproval at today's AGM. Cash generation remains strong and to date this year,the Company has acquired and cancelled 1.2m shares at a cost of £30.8m. Cashbalances as at 30th April 2014 were £6.9m.OutlookWith healthy growth in average spend per advertiser so far this year and animproving UK property market, the Board remains confident of meeting itsexpectations for the year.Nick McKittrick, CEO, said:"Rightmove's popularity continues to grow, with traffic setting new records andfurther increasing the market leading reach we provide for customers'properties and brands.  Our mobile apps and mobile optimised sites have provedparticularly effective in driving the growth in traffic resulting in 30% moreenquiries for our customers compared to the same period last year."Media enquiriesPlease contact Brunswick Group on 0207 404 5959rightmove@brunswickgroup.com

Tim Danaher