Today’s AGM update confirms positive trading performance and profit growth after the 1st 4 months of H1 puts them on track to meet FY expectations. Since March (when purchases were pulled forward to beat April VED changes), Vertu confirms that New vehicle conditions have got more difficult, as have margins in Used, especially in premium brands. These dynamics were already factored into forecasts though, following the revisions in Q4 last year - albeit they arrived slightly later than was widely ....
26 Jul 2017
N+1 Singer - Vertu Motors - On track to meet forecasts with buybacks + M&A to enhance future EPS
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
N+1 Singer - Vertu Motors - On track to meet forecasts with buybacks + M&A to enhance future EPS
Vertu Motors PLC (VTU:LON) | 64.8 -0.4 (-0.9%) | Mkt Cap: 218.8m
- Published:
26 Jul 2017 -
Author:
Matthew McEachran -
Pages:
3
Today’s AGM update confirms positive trading performance and profit growth after the 1st 4 months of H1 puts them on track to meet FY expectations. Since March (when purchases were pulled forward to beat April VED changes), Vertu confirms that New vehicle conditions have got more difficult, as have margins in Used, especially in premium brands. These dynamics were already factored into forecasts though, following the revisions in Q4 last year - albeit they arrived slightly later than was widely ....