Motorpoint’s trading update for the 12 months to 31st March has confirmed another year of solid progress, albeit with easing momentum through the year that is expected to impact FY2020. Total sales are reported up by a good 6%, driven by LFL growth across existing sites. Guidance is for a yoy increase in CPTP of c10%, which leads us to retain our existing forecast of £22.9m, EPS of 18.7p a good out-turn in our view given the ongoing political/economic backdrop. However, with slowi

05 Apr 2019
FY2019 delivered as expected, we take a more cautious stance on FY2020F

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FY2019 delivered as expected, we take a more cautious stance on FY2020F
Motorpoint Group Plc (MOTR:LON) | 142 -1.4 (-0.7%) | Mkt Cap: 121.7m
- Published:
05 Apr 2019 -
Author:
Clive Black -
Pages:
5 -
Motorpoint’s trading update for the 12 months to 31st March has confirmed another year of solid progress, albeit with easing momentum through the year that is expected to impact FY2020. Total sales are reported up by a good 6%, driven by LFL growth across existing sites. Guidance is for a yoy increase in CPTP of c10%, which leads us to retain our existing forecast of £22.9m, EPS of 18.7p a good out-turn in our view given the ongoing political/economic backdrop. However, with slowi