Improved revenues and margins for Iress UK Mortgage Finance Gazette

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Iress has announced its full-year results for 2024 showing headline revenue growth of 12% compared with full year 2023 and margin growth from 7.4% to 18.1% year on year.

Commenting on the performance, Iress’ group managing director and CEO, Marcus Price, said: “We delivered earnings that exceeded our guidance range, through a strong focus on capital allocation, operating leverage and financial discipline, while enhancing margins across all business units and driving improved customer sentiment.

“Although our formal transformation program is now complete, we remain committed to delivering further operating leverage while we develop new growth vectors in our core markets. Iress is now a simpler, leaner organisation with a more efficient cost base and stronger balance sheet that provides both capacity and flexibility.”

He added that Iress’ UK business had delivered a strong full year contribution, characterised by improved earnings and performance under the new management team led by Alistair Morgan (pictured).