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Vertu Motors (VTU)

Vertu Motors (VTU) interim results presentation - October 2021

13 October 2021

Vertu CEO Robert Forrester, and CFO, Karen Anderson present interim results for the period ended 31st August 2021. Record results with profit before tax of £51.8m due to the favourable used vehicle market conditions and outperforming market trends. For the full year, they guide ahead of expectations with adjusted profit before tax of no less than £65m (previously £50-55m), the highest ever. A comprehensive presentation with full details on all business areas and the strategy going forward.

The presentation slides are not in the video but can be accessed in the downloads section of this page.

Robert Forrester, CEO
00:05 Introduction
00:36 The history & highlights of H1 FY22
05:21 H1 FY22 financial KPIs (slide 5)

Karen Anderson, CFO
06:20 Financial results

Robert Forrester, CEO
16:11 Strategic update (slide 13)
38:20 Current trading and outlook

Vertu Motors plc is an automotive retailer in the United Kingdom. The principal activity of the Company is the sale of new cars, motorcycles, and commercial vehicles and used vehicles, together with related aftersales services. The Company is engaged in the provision of management services to all subsidiary statutory entities. The Company operates a chain of franchised motor dealerships offering sale, servicing, parts and bodyshop facilities for new and used car and commercial vehicles. The Company also operates various franchise dealerships, such as Volvo, Volkswagen, Land Rover, Audi, Mercedes-Benz and Jaguar, and operates Honda dealerships in the United Kingdom. The Company operates approximately 125 franchised and over three non-franchised operations across England and Scotland. The Company’s subsidiaries include Bristol Street First Investments Limited, Bristol Street Fourth Investments Limited, Vertu Motors (VMC) Limited and Grantham Motor Company Limited.

Produced by BRR Media. Distributed by PIWORLD.

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