Strong balance sheet to drive growth

and take advantage of tougher trading environment

Find out more
Scroll down to continue

Final results for the 12 months ended 28 February 2018

Robert Forrester interview on latest results

Robert commenting on the results

Analyst interview with Mike Allen.
Analyst interview with Mike Allen, Head of Research, Zeus Capital.

Strong balance sheet to drive growth and take advantage of tougher trading environment

  • Adjusted profit before tax of £28.6m (2017: £31.5m) reflective of a tougher trading environment
  • Aftersales and used cars represent 72.3% of gross profit (2017: 71.5%)
  • Exceptional property profits of £3.5m: evidence of value in freehold and long leasehold portfolio
  • Strong balance sheet to fund future growth with net cash of £19.3m (2017: £21.0m) and unutilised bank facilities of £30m, with the potential to add a further £30m
  • Tangible net assets of £174.3m (2017: £156.1m) with tangible net assets per share up 14.9% at 45.4p (2017: 39.5p)
  • Focus on capital allocation: £11.1m returned to shareholders through dividends and share buy backs. Full year dividend up 7.1%
  • Encouraging March and April trading: FY2019 result anticipated to be in line with market expectations

Revenue and margin analysis, Used vehicles

Movement in net cash, positive move in second half

Investing to support future cash growth

Shareholder returns, 8th consecutive year of dividend growth

Results Past and Present

Enter your email address for regular updates about Vertu
Submit

Corporate Responsibility
Invest in Vertu
Careers at Vertu
Top