Results for the year ended March were comfortably ahead of expectations; £120.9m PBT was £10m/9% better and EPS 8% better driven by UK Remarketing, WBAC vehicle buying, and lower interest costs. Net debt was also £40m lower than anticipated after adjusting for favourable timing of payments. DPS increased 26.7% to 8.55p (N+1E 8.0p) on the back of this performance. Ongoing modernisation of its technology platform and customer solutions is continuing to increase the uptake of key services. Operatio ....
29 Jun 2018
Strategic delivery + strong trading performance drives significant beat
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Strategic delivery + strong trading performance drives significant beat
Results for the year ended March were comfortably ahead of expectations; £120.9m PBT was £10m/9% better and EPS 8% better driven by UK Remarketing, WBAC vehicle buying, and lower interest costs. Net debt was also £40m lower than anticipated after adjusting for favourable timing of payments. DPS increased 26.7% to 8.55p (N+1E 8.0p) on the back of this performance. Ongoing modernisation of its technology platform and customer solutions is continuing to increase the uptake of key services. Operatio ....