Vertu Motors interim results webinar - October 2022

Vertu Motors Chief Executive, Robert Forrester and CFO, Karen Anderson, present interim results for the six months ended 31 August 2022, where they anticipate the full year profits to be ahead of expectations. Robert Forrester, CEO 00:16 - Introduction 00:25 - Vertu Motors at a glance 01:19 - Highlights 02:57 - Financial KPI's Karen Anderson, CFO 03:42 - Income statement 04:27 - Profit Bridge 05:24 - Inflationary headwinds and Energy Costs 08:52 - Cash Flow 09:26 - Capital Allocation Discipline 10:31 - Balance Sheet Robert Forrester, CEO 11:58 - Group Strategy 12:53 - Market Trends 15:16 - Sales & Aftersales Performance 19:10 - Digitalisation 20:51 - Colleague Focus 22:53 - Current Trading and Outlook 25:23 - Summary 26:04 - Q&A Vertu Motors plc is an automotive retailer in the United Kingdom. The Company operates franchised motor dealerships offering sale, servicing, parts and bodyshop facilities for new and used car and commercial vehicles. The Company operates many of its dealerships as Bristol Street Motors. It also operates a range of franchise dealerships, such as Volkswagen, Land Rover, Audi, Mercedes-Benz and Jaguar. The Company offers products, such as new and used cars, vans, trucks, motorcycles, fleet vehicles, and parts and accessories. It also specializes in the online sale of car wiper blades and other associated products. Its brands include Bristol Street Motors, Macklin Motors, Vertu Motors, Car Credit Assured, What Car? Leasing, Vertu Lease Cars, Vansdirect, The Taxi Centre and Ace Parts. The Company operates approximately 160 franchised and four non-franchised operations across England and Scotland.