Results Looking Good11 May 2016 08:23
Vertu Motors PLC Final results for the year ended 29 February 2016
Robert Forrester, Chief Executive of Vertu said:
"We have delivered significant revenue growth, which together with tight control of costs, has resulted in record profitability. This profitability, combined with strong cash flow, gives the Board the confidence to significantly increase the dividend. We are particularly pleased with our aftersales performance. The last three years of strong new car sales, coupled with the Group's success in selling service plans to used car customers, provides the Group with good visibility of this recurring high margin income stream.".
"We have added further strength to the operational management team to support future growth and we continue to review a number of further acquisition opportunities."