Oct 16, 2024 / NTS GMT
Robert Forrester - Vertu Motors PLC - Chief Executive Officer, Executive Director
Good morning and welcome to the presentation of our interim results for the period to the August 31, 2024. If we look at the advantages that the group has Vertu is now one of the six super groups operating in the UK automotive sector, retailers with a turnover in excess of GBP4 billion. We're the only remaining major listed automotive retailer and we were founded in 2006.
We certainly have scale as part of that group of super groups, but we've also got financial capacity, operational capacity and the manufacturers support with which to continue growth and to be part of that pack scale provides us with that growth pack path and also the benefits of the economies of scale.
As we go through the presentation, we'll also show much evidence of operational excellence. We are outperforming our competitors. The group has significant financial strength supported by our capital allocation policy and we seek to balance organic growth inorganic growth, dividends and buybacks.
We've got high asset backing, a
Half Year 2025 Vertu Motors PLC Earnings Call Transcript
Oct 16, 2024
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