Earnings growth of 19% in FY18 highlights the inherent “momentum in the system” from loan activity in recent years. This momentum is sustainable with 25% growth in new advances in FY18 driving increased earnings forecasts for FY19 & FY20. The group benefits from a highly resilient business model; whilst competitive activity in the car financing market has had some impact on product mix and impairment, the group is not exposed to the PCP market and, with an average loan of &pou
27 Mar 2018
FY18 results; 19% earnings growth
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FY18 results; 19% earnings growth
S&U plc (SUS:LON) | 1,818 0 0.0% | Mkt Cap: 220.8m
- Published:
27 Mar 2018 -
Author:
Ben Thefaut -
Pages:
5
Earnings growth of 19% in FY18 highlights the inherent “momentum in the system” from loan activity in recent years. This momentum is sustainable with 25% growth in new advances in FY18 driving increased earnings forecasts for FY19 & FY20. The group benefits from a highly resilient business model; whilst competitive activity in the car financing market has had some impact on product mix and impairment, the group is not exposed to the PCP market and, with an average loan of &pou