• Car Dealer Plus
No Result
View All Result
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
No Result
View All Result

Vertu revenue tops £1bn

Dave Brown by Dave Brown
May 16, 2012
0
Home News

THE expanding Vertu Motor Group plc today announced a strong set of results.

The upbeat statement from the company, now the UK’s ninth largest motor retailer, said revenue was up 8.9 per cent to £1.09bn, reflecting its continuing acquisition activity, and profit before tax had increased by 3.8 per cent to £5.5m.

Its market share increased to more than three per cent of the private new car market.

And the business was continuing to perform well, with its trading performance during March and April significantly ahead of the same months in 2011.

Chief executive Robert Forrester said: ‘The group has successfully navigated a challenging period for the industry driven by reduced customer demand in 2011.

‘Increased profit before taxation, strong cash generation and the continued development of the dealership portfolio were delivered.

‘The group saw revenues in excess of £1bn for the first time and profit momentum was re-established in the second half of the year. From the start of 2012, market conditions have improved in the retail car sales sector. The new car market has returned to growth and used car demand has been robust.’

Vertu trades under the Bristol Street Motors, Macklin Motors, Vertu Honda and Bristol Street Motor Nation brands. The group was formed in 2006 and now operates 85 franchised and three non-franchised sales operations across the UK.

It is continuing its progressive dividend policy with a proposed final dividend of 0.4p per share and total dividends for the year up 20 per cent to 0.6p per share.

Forrester added: ‘The board remains committed to its growth strategy supported by the strong financial position of the group.’

Previous Post

Service quotes in secs

Next Post

Safe and Sound: 1yr old

Related Posts

Designer Gerry McGovern joins JLR board
News

Designer Gerry McGovern takes seat on Jaguar Land Rover board of management

January 27, 2021
Used car market stronger than ever as August sees sales up by nearly 50 per cent for Big Motoring World
News

Customers around the world shun public transport with 1 in 2 intending to buy a new car in next 12 months

January 27, 2021
A Peugeot e-208 on the road
News

Top 20 most searched for used electric cars revealed as Auto Trader predicts EVs to overtake combustion models by 2025

January 27, 2021
The Peugeot Partner electric van charging
News

Jan 27 round-up: 50,000 more Covid deaths possible; First private space crew; Holocaust remembered; Peugeot e-Partner

January 27, 2021
Stratstone reveals multi-million-pound plans for redevelopment of BMW sites in Derby and Hull
News

Stratstone reveals multi-million-pound plans for redevelopment of BMW sites in Derby and Hull

January 27, 2021
News

Lamborghini London celebrates delivery of two super-rare Sian hypercars

January 27, 2021

Want to receive the latest news?

Sign up to the Car Dealer daily news briefing for the latest news and advice during these unprecedented times.

Subscribe Now
Video: How do you buy a used car online and get it delivered to your house? We put online car dealer Carzam to the test
Car Dealer Live

Video: How do you buy a used car online and get it delivered to your house? We put online car dealer Carzam to the test

January 23, 2021
Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs
News

Used Car Awards Shortlist: Find out who made it through mystery shopping and are now in running for our gongs

January 6, 2021
Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK
Car Dealer Top 100

Car Dealer Top 100 – The list in full of the most profitable car dealers in the UK

January 20, 2021
Car Dealer Live: Data shows there are buyers out there and they want new cars via click and collect, say What Car? team
Car Dealer Live

Car Dealer Live: Data shows there are buyers out there and they want new cars via click and collect, say What Car? team

January 20, 2021
Stellantis: What is it? Which brands does it have? And what does it mean for customers and dealers?
News

Stellantis: What is it? Which brands does it have? And what does it mean for customers and dealers?

January 26, 2021
Become a Car Dealer Plus member and get more out of this website including free legal advice
News

Become a Car Dealer Plus member and get more out of this website including free legal advice

January 15, 2021
Car Dealer Live: Top tips for car dealers to keep business and spirits high during national lockdown
Car Dealer Live

Car Dealer Live: Top tips for car dealers to keep business and spirits high during national lockdown

January 23, 2021
Car Dealer Power

The best car dealer suppliers named in the Car Dealer Power Awards 2020

November 26, 2020
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100
  • CD Plus
Call us: 020 8125 3880

© 2020 Blackball Media

No Result
View All Result
  • Car Dealer Plus
  • Latest
  • Used Cars
  • Live
  • Forum
  • Power 2020
  • Used Car Awards
  • CDX
  • Knowledge
  • Suppliers Guide
  • About Us
  • Latest Issue
  • Top 100

© 2020 Blackball Media

Log In
Register
Register
Server C