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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Half Year 2023 Vertu Motors PLC Earnings Call Transcript

Oct 05, 2022 / 06:00AM GMT
Release Date Price: €0.51 (+4.94%)
Robert T. Forrester
Vertu Motors plc - CEO & Executive Director

Welcome to our interim results for the 6 months to the 31st of August 2022. My name is Robert Forrester, Chief Executive Officer; and I'm joined by Karen Anderson, our CFO.

We turn to the first slide, the (inaudible) slide. You can see that the group is benefiting from being a scaled, well-invested, technologically powerful business and one that is enabled to consolidate and continue to consolidate. The group continues to develop on a number of fronts as we execute our long-term strategy. And I just wish to highlight a couple of points from this slide. We've had GBP 2 billion of revenue in the first half for the first time. We delivered a solid profit performance. And indeed, the analysts this morning upgraded our full year numbers for the financial year. We've got 160 outlets. We actually represent more manufactured franchise partners than any other U.K. franchise dealer group, and we've got more to come, and we can see significant scope for expansion beyond the 160 outlets through acquisitions and continued multi-franchising

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