Business
Final results for the year ended 28 February 2017
Final results for the year ended 28 February 2017.
About this update from Vertu Motors Plc
[{"type":"text","content":"\n \nRNS Number : 6651E Vertu Motors PLC 10 May 2017 \n\n10 May 2017 \n \n \nVertu Motors plc (\"Vertu\" or \"Group\")\nFinal results for the year ended 28 February 2017\nRecord profitability, excellent cash conversion and robust balance sheet to drive future growth\nVertu Motors plc, the UK automotive retailer with a network of 124 sales and aftersales outlets across the UK, announces its audited results for the year ended 28 February 2017. \n \nHighlights:\nFinancial \n\n\n\n\n \n\n\nYear ended\n28 February\n2017\n\n\nYear ended\n29 February\n2016\n\n\n% Change\n\n\n\n\nRevenue\n\n\n£2,822.6m\n\n\n£2,423.3m\n\n\n16.5%\n\n\n\n\nAdjusted profit before tax*\n\n\n£31.5m\n\n\n£27.4m\n\n\n15.0%\n\n\n\n\nAdjusted earnings per share*\n\n\n6.54p\n\n\n6.46p\n\n\n1.2%\n\n\n\n\nEBITDA\n\n\n£41.4m\n\n\n£34.5m\n\n\n20.0%\n\n\n\n\nOperating profit \n\n\n£32.1m\n\n\n£27.2m\n\n\n18.0%\n\n\n\n\nProfit before tax\n\n\n£29.8m\n\n\n£26.0m\n\n\n14.6%\n\n\n\n\nEarnings per share\n\n\n6.14p\n\n\n6.06p\n\n\n1.3%\n\n\n\n\nOperating cash inflow\n\n\n£58.1m\n\n\n£65.8m\n\n\n(11.7%)\n\n\n\n\nNet cash\n\n\n£21.0m\n\n\n£23.1m\n\n\n(9.1%)\n\n\n\n\nNet assets per share\n\n\n62.3p\n\n\n58.0p\n\n\n7.4%\n\n\n\n\nTangible net assets per share\n\n\n39.5p\n\n\n38.3p\n\n\n3.1%\n\n\n\n\nDividend per share\n\n\n1.4p\n\n\n1.3p\n\n\n7.7%\n\n\n\n\nCash conversion**\n\n\n181%\n\n\n242%\n\n\n(61.0%)\n\n\n\n\n* adjusted for amortisation of intangible assets and share based payments charge. \n** cash generated from operations divided by operating profit....