Record profitability

Excellent cash conversion and robust balance sheet to drive future growth

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Download our 2017 preliminary results here: PDF

Download our 2017 annual report and financial statement here: PDF

Download the 2017 Analyst & Investor Presentation.

Click here to watch our Q&A webcast

Pre-close Trading Update

Interview with Michael Sherwin, Chief Financial Officer.
Interview with Michael Sherwin, Chief Financial Officer.
Analyst interview with Mike Allen.
Analyst interview with Mike Allen, Head of Research, Zeus Capital.

Pre-close Trading Update

  • Trading in line with trends set out in AGM statement
  • Sale and leaseback of Jaguar Land Rover property in Leeds
    • Prominent dealership property in prime city centre location
    • Attractive lease yield and conditions
    • 15 year term
    • Profit on sale of circa £4m
    • Generates cash of £14m to fund ongoing investment in future growth
    • Selective approach
    • Focus on capital allocation
  • Share buy-back programme in progress

Record profitability, excellent cash conversion and robust balance sheet to drive future growth

* adjusted for amortisation of intangible assets and share based payments charge.

Strengthening Margins

Managing Operating Expenses and Tax Payments

Generating Cash Profits and Managing Working Capital

Investing to Support Future Cash Growth

Operational Highlights

Focus on Shareholder Returns

Very Strong Balance Sheet to Fund Growth

Current Trading and Outlook

Results Past and Present

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