28% earnings growth in FY17 reflects strong demand for nonprime used vehicle loans supported by significant available funds which has enabled the Group to accelerate investment into the market opportunity. This inherent “momentum in the system” is driving top line growth into FY18 (Arden forecast revenue growth +20%). With a highly cost-efficient model, we are confident the group can fine tune its product into changing market dynamics to maintain bottom line leverage; our FY18 and
28 Mar 2017
FY17 results ; 28% earnings growth
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FY17 results ; 28% earnings growth
S&U plc (SUS:LON) | 1,900 0 0.0% | Mkt Cap: 230.9m
- Published:
28 Mar 2017 -
Author:
Ben Thefaut -
Pages:
6
28% earnings growth in FY17 reflects strong demand for nonprime used vehicle loans supported by significant available funds which has enabled the Group to accelerate investment into the market opportunity. This inherent “momentum in the system” is driving top line growth into FY18 (Arden forecast revenue growth +20%). With a highly cost-efficient model, we are confident the group can fine tune its product into changing market dynamics to maintain bottom line leverage; our FY18 and