Continued growth in all areas

Record revenues and profits drive significant increase in dividend

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Annual Report & Accounts for the year ended 28 February 2015

Robert Forrester interview on latest results
Interview with Robert Forrester, Chief Executive commenting on the results.
Robert Forrester interview on latest results
Robert Forrester discussing Vertu Motors growth strategy.
Robert Forrester interview on latest results
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116

Number of Retailers

Continued growth in all areas of the business delivering record revenues and profits

  • Adjusted(1) profit before tax up 25.7% to £22.0m
  • Profit before tax rose 32.9% to £21.0m from £15.8m
  • Revenue up 23.2% to £2.1bn with like-for-like revenues up 11.4%: first time revenues have exceeded £2bn
  • Like-for-like used vehicle volumes rose 9.2% with stronger gross profit per unit: Third consecutive year of like-for-like volume growth
  • Higher margin service revenues rose 3.5% on a like-for-like basis: fifth successive year of growth
  • Higher customer retention rates in service with over 71,000 (2014: 55,397) customers on Group service plans
  • Like-for-like new retail sales volumes rose by 6.4% as UK new car market continued to expand
  • Adjusted(1) operating profit up 26.8% as core(2) business and acquisitions delivered an enhanced performance
  • Adjusted(1) earnings per share growth of 9.8%
  • Dividend up 31.3% for the full year, increased to 1.05p (2014: 0.8p): showing Boardís confidence in the sustainability of the Groupís profit growth and cash generation

(1) adjusted for exeptional charges, amortisation of intangible assets and share based payments charge. No exeptional items arose in the year ended 28 February 2015
(2) Core: Dealerships that have traded for two consecutive financial years.

Snapshot

Revenue

£2.07bn 2015
£1.68bn 2014

Adjusted Profit Before Tax

£21.69m 2015
£16.24m 2014

Basic Earnings Per Share

4.87p 2015
4.15p 2014

Total Units Sold

140,815 2015
119,543 2014

Acquisition and turnaround strategy driving profit growth

Strong balance sheet and funds available for expansion

Current Trading and Outlook

Results Past and Present

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