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 2023 Vertu Motors PLC Earnings Call Transcript

May 10, 2023 / NTS GMT
Release Date Price: €0.655 (+2.34%)
Robert T. Forrester
Vertu Motors plc - CEO & Executive Director

Good morning, and welcome to the Vertu Motors plc year-end results for the year ended 28th of February 2023. I'm joined this morning by Karen Anderson, our Chief Financial Officer; and my name is Robert Forrester, Chief Executive.

On Slide 2, we set out what we think are the key investment case elements for Vertu. And Vertu has actually grown from a start-up cash shell in December 2006 to what is now the third largest automotive retailer in the United Kingdom. And we believe that we have a very strong strategic position.

The first element of our investment case is the delivery of scale benefits. We have a management team that is very stable and has the capacity to do more. We've got strong OEM relationships with our manufacturers. And indeed, we've got -- we represent more brands than any other automotive retailer in the U.K. And the strong relationship and the spread means that we've got more scope to gain market share with each of the manufacturers over the next few years. We're not hitting limits.

We've also

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