S&U’s results for FY21 were significantly affected by the pandemic, but a near-term bounce back in demand for motor finance is in prospect as dealer showrooms reopen and consumer confidence improves. Underpinning the longer-term outlook for Advantage has been continued work to adapt and improve the business. Aspen Bridging also looks set to contribute to growth with loan-book growth reviving in the second half of FY21 and likely to see further significant growth in the next two years.
08 Apr 2021
S&U - Ready to meet unlocked demand
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S&U - Ready to meet unlocked demand
S&U plc (SUS:LON) | 1,820 -637 (-1.9%) | Mkt Cap: 221.1m
- Published:
08 Apr 2021 -
Author:
Andrew Mitchell -
Pages:
14
S&U’s results for FY21 were significantly affected by the pandemic, but a near-term bounce back in demand for motor finance is in prospect as dealer showrooms reopen and consumer confidence improves. Underpinning the longer-term outlook for Advantage has been continued work to adapt and improve the business. Aspen Bridging also looks set to contribute to growth with loan-book growth reviving in the second half of FY21 and likely to see further significant growth in the next two years.