Foxtons plc reported sales results for the fourth quarter and full year ended December 31, 2016. For the quarter, the company reported revenue totaling circa £26 million against £35 million a year ago.

For the full year, the company reported total group revenue of £133 million against £150 million a year ago.

For the full year ended December 31, 2016, the adjusted EBITDA is expected to be approximately £25 million. The reduction in group revenue for the year reflects the significant fall in sales volumes immediately following the first quarter of 2016.