May 11, 2022 / 06:01AM GMT
Robert T. Forrester - Vertu Motors plc - CEO & Executive Director
Welcome to our results of Vertu Motors PLC for the year ending 28th, February 2022. My name's Robert Forrester, Chief Executive, and I've got with me, Karen Anderson, our CFO; I'll cover the highlights pass to Karen for the financial results. And then I'll close with strategic update and outlook. So, if we turn to the first slide, at a glance, clearly this was a highly successful period, for the group in terms of trading and in terms of general development, we hit 160 outlets in 15 years of growth, which is very pleasing. We do have scale, and we delivered a record profit of over GBP 80 million with strong margins of 12%. We continue to successfully develop, bricks and clicks on the channel strategy, which is so, important today in both sales and service. And overall, we have very, very strong foundations with which to grow further scale.
We've got a stable management team that's been in place over 15 years. We've got an owner mentality throughout the business, an asset backed balance sheet with no debt and 66.8 pens of tangible
Full Year 2022 Vertu Motors PLC Earnings Call Transcript
May 11, 2022
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