Business
Results for year ended 31 December 2016
Results for year ended 31 December 2016.
About this update from Pinewood Technologies Group Plc
[{"type":"text","content":"\n \nRNS Number : 7767W Pendragon PLC 14 February 2017 \n\nResults for year ended 31 December 2016\n(Released 14 February 2017)\n \nThe UK's largest automotive online retailer continues to make significant progress\n \nSummary of Results\n\n\n\n\n \n\n\nGross \nProfit\n\n\nOperating Profit\n\n\nProfit Before Tax\n\n\nNet Debt : \nEBITDA\n\n\n \nEPS\n\n\n\n\nLike for Like*\n\n\n£548.7m\n(+4.9%)\n\n\n£104.3m\n(+2.0%)\n\n\n-\n\n\n-\n\n\n-\n\n\n\n\nUnderlying**\n\n\n£559.6m \n(+1.9%)\n\n\n£101.2m\n(+0.7%)\n\n\n£75.4m\n(+7.6%)\n\n\n0.6\n(+20.0%)\n\n\n3.9p\n(+5.4%)\n\n\n\n\nTotal\n\n\n£559.6m \n(+1.9%)\n\n\n£100.4m\n(-17.5%)\n\n\n£73.0m\n(-7.6%)\n\n\n0.6\n(+20.0%)\n\n\n3.8p\n(-24.0%)\n\n\n\n\n \n* 'Like for Like' results within this document include only current businesses which have a 12 month comparative history. \n** Underlying results exclude items that are not incurred in the normal course of business and are sufficiently significant and/or irregular to impact the underlying trends in the business.\nNOTE: Throughout this document, Alternative Performance Measures have been used which are non-GAAP measures that are presented to provide readers with additional financial information that is regularly reviewed by management and should not be viewed in isolation or as an alternative to the equivalent GAAP measure, see note 9 for details.\n \nStrategic Highlights\n \n· Our initiatives such as Move Me CloserTM, Sell Your Car and our aftersales progress update portal are leading the evolution of automotive online retailing.\n· The Evanshalshaw.com and Stratstone.com websites have developed further during the year generating 22.7 million visits in the year, up +14.4% - with 66% of our visitors from self-generated rather than paid sources.\n· Used vehicle revenue growth is a key strategic goal and revenues have grown by 64% in 5 years at a compound annual growth rate of 10.4%.\n· Investment in additional physical capacity for used vehicle sales continues so that we can achieve at least double digit growth in used vehicle revenue in 2017.\n· Our strategy is focused on our four 'pillars' of Choice, Value, Customer Service and Convenience supported by our people and protected by ownership of our evolving intellectual property and I...