Vertu Motors PLC Pre-close trading update and notice of results (2732L)
September 05 2019 - 2:01AM
UK Regulatory
TIDMVTU
RNS Number : 2732L
Vertu Motors PLC
05 September 2019
5 September 2019
Vertu Motors plc
("Vertu Motors" or the "Company")
Pre-close trading update and notice of results
Vertu Motors, the automotive retailer with a network of 123
sales and aftersales outlets across the UK, is pleased to provide
an update on trading before entering a closed period on 10
September 2019.
Subsequent to the trading update provided at the Annual General
Meeting held on 24 July 2019, the UK Motor Retail Sector has seen a
continuation of the market trends set out in that update, including
increasing price stability in the general used vehicle market since
July. Consequently, the Board's current outlook for underlying
profit before tax for the year to 28 February 2019 is in line with
current market expectations.
The Group will announce its results for the six month period
ended 31 August 2019 on 9 October 2019.
For further information please contact:
Vertu Motors plc Tel: 0191 491 2111
Robert Forrester, CEO Tel: 0191 491 2112
Karen Anderson, CFO
Tel: 020 3829 5000
Zeus Capital Limited
Jamie Peel
Andrew Jones
Dominic King
Camarco Tel: 020 3757 4983
Billy Clegg
Tom Huddart
Notes to Editors
Vertu Motors is the fifth largest automotive retailer in the UK
with a network of 123 sales outlets across the UK. Its dealerships
operate predominantly under the Bristol Street Motors, Vertu,
Farnell and Macklin Motors brand names.
Vertu Motors was established in November 2006 with the strategy
to consolidate the UK motor retail sector. It is intended that the
Group will continue to acquire motor retail operations to grow a
scaled dealership group. The Group's acquisition strategy is
supplemented by a focused organic growth strategy to drive
operational efficiencies through its national dealership network.
The Group currently operates 120 franchised sales outlets and 3
non-franchised sales operations from 104 locations across the
UK.
Vertu's Mission Statement is to "deliver an outstanding customer
motoring experience through honesty and trust".
Vertu Motors Group websites -www.vertumotors.com /
www.vertucareers.com
Vertu brand websites - www.bristolstreet.co.uk /
www.vertuhonda.com / www.vertutoyota.com / www.macklinmotors.co.uk
/ www.farnelllandrover.com / www.farnelljaguar.com /
www.vertuvolkswagen.com / www.vertumercedes-benz.com
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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