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Vertu Motors (AIM:VTU) record half year results and broker upgrades

14/10/2015 · Vertu Motors (VTU) 

The AIM quoted automotive retailer has delivered excellent interim results for the six months ending 31 August 2015. With growing service volumes and margins the business looks in great shape. Could the VW issue even offer an opportunity?

The Group now has a network of 119 sales and aftersales outlets across the UK and is therefore a substantial automotive retailer.

Revenues increased 14.0% to £1,236.1m, with profit before tax up 28.1% to £16.4m and earnings per share up 27.8% to 3.82p. Acquisitions in the period accounted for £20.6m of revenue growth and those businesses acquired in the prior year contributed further revenues of £94.4m. Core Group revenues grew by 5.2% (£54.5m), reflecting…

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