Vertu Motors (VTU)

Sector:

Retailers

Index:

FTSE AIM All-Share

55.30p
   
  • Change Today:
    -1.20p
  • 52 Week High: 75.00
  • 52 Week Low: 45.70
  • Currency: UK Pounds
  • Shares Issued: 348.95m
  • Volume: 191,760
  • Market Cap: £192.97m
  • RiskGrade: 217

Vertu Motors raises FY adjusted pre-tax profit guidance

By Iain Gilbert

Date: Wednesday 02 Mar 2022

LONDON (ShareCast) - (Sharecast News) - British automotive retailer Vertu Motors said on Wednesday that full-year adjusted pre-tax profits were now expected to be no less than £75.0m as sector tailwinds and limited vehicle supply led to augmented margins.
Vertu upgraded its full-year adjusted pre-tax profit guidance to £75.0m from previous estimates of £70.0m, both of which were well and truly ahead of last year's figure of £24.6m.

Group revenues were seen 18.1% higher year-on-year, or 9.4% on a like-for-like basis, and Vertu also highlighted it had added delivered significant growth in like-for-like vehicle sales margins and gross profit generation in all channels compared to the previous two financial years.

Chief executive Robert Forrester said: "I am pleased to report that the board now expects the trading result for the year ended 28 February 2022, at an adjusted profit before tax level, to be not less than £75.0m.

"The trading results have been aided by sector tailwinds and limited vehicle supply leading to augmented margins. In addition, recent acquisitions have contributed at a higher level than initially envisaged due in part to a swift and successful integration process."

Separately, Vertu announced that it will shortly launch another £3.0m share buyback programme following the purchase and cancellation of 4.62m ordinary shares of 10.0p each at a total cost of £2.99m back in November 2021.

As of 1045 GMT, Vertu shares were up 6.60% at 61.40p.

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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 55.30p
Change Today -1.20p
% Change -2.12 %
52 Week High 75.00
52 Week Low 45.70
Volume 191,760
Shares Issued 348.95m
Market Cap £192.97m
RiskGrade 217

Vertu Motors Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
87.46% above the market average87.46% above the market average87.46% above the market average87.46% above the market average87.46% above the market average
82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average82.61% above the sector average
Price Trend
70.15% above the market average70.15% above the market average70.15% above the market average70.15% above the market average70.15% above the market average
75.51% above the sector average75.51% above the sector average75.51% above the sector average75.51% above the sector average75.51% above the sector average
Income
52.76% above the market average52.76% above the market average52.76% above the market average52.76% above the market average52.76% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
92.56% above the market average92.56% above the market average92.56% above the market average92.56% above the market average92.56% 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 09-Aug-2022

Time Volume / Share Price
11:28 3,243 @ 55.30p
11:28 4,834 @ 55.30p
11:28 6,216 @ 55.30p
11:28 3,316 @ 55.30p
11:28 1,065 @ 55.30p

Vertu Motors Key Personnel

CEO Robert Forrester

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