Vertu Motors (VTU)

Sector:

Retailers

Index:

FTSE AIM All-Share

53.30p
   
  • Change Today:
      0.80p
  • 52 Week High: 75.00
  • 52 Week Low: 46.70
  • Currency: UK Pounds
  • Shares Issued: 348.95m
  • Volume: 583,624
  • Market Cap: £185.99m
  • RiskGrade: 217

Vertu Motors FY revenues boosted by acquisitions

By Iain Gilbert

Date: Monday 01 Mar 2021

LONDON (ShareCast) - (Sharecast News) - Automotive retailer Vertu Motors said on Monday that its full-year trading performance was in line with forecasts of around £23.0m at the adjusted pre-tax profit level.
Vertu said group revenues grew 4.1% year-on-year, reflecting the impact of "significant acquisition activity" last year, with 29 outlets added to its portfolio since 1 January 2020.

The AIM-listed firm stated it had delivered growth in like-for-like used vehicle margins and gross profit generation, despite seeing like-for-like new retail vehicle volumes declining 13.3%, in line with the market, thanks to a 34% jump in new commercial volumes.

Like-for-like service revenues from retail customers were up 5.3%.

Chief executive Robert Forrester said: "Despite the impact of these national lockdowns and regional lockdowns throughout December, the group's strong marketing activity, use of omnichannel retailing functionality and cost control have meant that a creditable trading performance was attained in the period.

"Notwithstanding the Government's recently announced roadmap, the outlook remains uncertain given continuing COVID restrictions, although Brexit uncertainty is now behind us and the pound's recent strengthening should help to make cars more affordable to UK buyers."

As of 1110 GMT, Vertu shares were down 0.43% at 39.13p.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Vertu Motors Market Data

Currency UK Pounds
Share Price 53.30p
Change Today 0.80p
% Change 1.52 %
52 Week High 75.00
52 Week Low 46.70
Volume 583,624
Shares Issued 348.95m
Market Cap £185.99m
RiskGrade 217

Vertu Motors Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
89.50% above the market average89.50% above the market average89.50% above the market average89.50% above the market average89.50% above the market average
77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average77.78% above the sector average
Price Trend
58.65% above the market average58.65% above the market average58.65% above the market average58.65% above the market average58.65% above the market average
70.83% above the sector average70.83% above the sector average70.83% above the sector average70.83% above the sector average70.83% above the sector average
Income
60.60% above the market average60.60% above the market average60.60% above the market average60.60% above the market average60.60% above the market average
12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average12.00% above the sector average
Growth
91.91% above the market average91.91% above the market average91.91% above the market average91.91% above the market average91.91% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Vertu Motors Dividends

  Latest Previous
  Final Interim
Ex-Div 30-Jun-22 16-Dec-21
Paid 29-Jul-22 21-Jan-22
Amount 1.05p 0.65p

Trades for 16-Aug-2022

Time Volume / Share Price
16:35 49,035 @ 53.30p
16:28 26 @ 53.30p
16:28 2 @ 53.30p
16:28 4,440 @ 53.30p
16:28 516 @ 53.30p

Vertu Motors Key Personnel

CEO Robert Forrester

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