Vertu Motors PLC (FRA:V2N)
€ 0.71 0.005 (0.71%) Market Cap: 245.82 Mil Enterprise Value: 457.25 Mil PE Ratio: 11.13 PB Ratio: 0.55 GF Score: 62/100
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Full Year 2020 Vertu Motors PLC Earnings Call Transcript

Jun 03, 2020 / NTS GMT
Release Date Price: €0.16
Andrew Paul Goss
Vertu Motors plc - Independent Non-Executive Chairman

Hello. My name is Andy Goss, the Chairman of Vertu Motors, and I've got the pleasure and responsibility of opening the presentation of our results for the '19-'20 financial year today, before handing over to Robert Forrester, our CEO; and Karen Anderson, our Chief Financial Officer.

Now of course, the chief purpose is to present the outputs of the year ending on the 29th of February. However, it's clear that this has been an unusual period for everyone post the financial year due to the COVID-19 pandemic. This has dominated business over the last 3 months, and as such, will feature considerably in the presentation today. In my opinion, the executives and senior management of Vertu Motors have done a sterling job in dealing with the consequences of the business lockdown. In particular, in dealing with the communication to and furloughing of colleagues, the management of costs and cash, and handling customers are now, of course, in the opening the business from June 1, including vehicle sales, whilst respecting social distancing

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