Overview
- Genuit lowered its 2025 underlying operating profit guidance to £92m–£95m, below City forecasts of £95m–£99m, citing purchasing hesitation and a weak UK outlook.
- Shares in the FTSE 250 supplier fell 41p, or 11.5%, to 314p after the trading update.
- The company said subdued market conditions are likely to persist through the rest of 2025 and into early 2026.
- Rightmove said average new seller prices fell 1.8% month on month in November, a £6,589 drop to £364,833 and the steepest November fall since 2012.
- Despite near-term caution, Genuit reported ten‑month revenue of £511.1m, up 8.4% on a reported basis and 5.1% like for like.