Full Year 2022 Auto Trader Group PLC Earnings Call Transcript

May 26, 2022 / 08:30AM GMT
Nathan Coe - Auto Trader Group plc - CEO & Executive Director

Good morning, everyone, and welcome to Auto Trader's full year results for the year ended 31st of March 2022.

It's great to once again be -- to be presenting to you in person as we move beyond COVID-19, which I'm pleased to say has not impacted our financial performance as it did last year. There are still challenges in the car market with significant supply constraints, initially driven by semiconductor shortages, compounded by supply chain disruptions from the war in Ukraine, lockdowns in China, and commodity shortages. I would like to thank our people, our customers and stakeholders for their continued trust in our business. We've worked hard to do the right thing, such as working with or for Auto Trader. It feels like a genuine partnership, which is reflected in our culture, our relationship with customers and the strength of these financial results.

Starting with our strategic overview. This year, we have achieved our highest ever revenue and profits, signaling a return to more normal trading, following periods of

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