Business
Final results for the year ended 29 February 2016
Final results for the year ended 29 February 2016.
About this update from Vertu Motors Plc
[{"type":"text","content":"\n \nRNS Number : 8562X Vertu Motors PLC 11 May 2016 \n\n11 May 2016\n \nVertu Motors plc (\"Vertu\" or \"Group\")\n \nFinal results for the year ended 29 February 2016\nStrong aftersales performance drives record revenues and profits\n \nVertu Motors plc, the UK automotive retailer with a network of 127 sales and aftersales outlets across the UK, announces its audited results for the year ended 29 February 2016. \n \n\n\n\n\n \n\n\nYear ended\n29 February\n2016\n\n\nYear ended\n28 February\n2015\n\n\n% Change\n\n\n\n\nRevenue\n\n\n£2,423.3m\n\n\n£2,074.9m\n\n\n16.8%\n\n\n\n\nAdjusted EBITDA*\n\n\n£35.5m\n\n\n£28.7m\n\n\n23.7%\n\n\n\n\nAdjusted operating profit*\n\n\n£28.6m\n\n\n£22.7m\n\n\n26.0%\n\n\n\n\nAdjusted profit before tax*\n\n\n£27.4m\n\n\n£22.0m\n\n\n24.5%\n\n\n\n\nAdjusted earnings per share*\n\n\n6.46p\n\n\n5.15p\n\n\n25.4%\n\n\n\n\nEBITDA\n\n\n£34.5m\n\n\n£28.0m\n\n\n23.2%\n\n\n\n\nOperating profit \n\n\n£27.2m\n\n\n£21.7m\n\n\n25.3%\n\n\n\n\nProfit before tax\n\n\n£26.0m\n\n\n£21.0m\n\n\n23.8%\n\n\n\n\nEarnings per share\n\n\n6.06p\n\n\n4.87p\n\n\n24.4%\n\n\n\n\nOperating cash inflow\n\n\n£65.8m\n\n\n£26.1m\n\n\n152.1%\n\n\n\n\nNet cash\n\n\n£23.1m\n\n\n£15.7m\n\n\n47.1%\n\n\n\n\nNet assets per share\n\n\n58.0p\n\n\n52.7p\n\n\n10.1%\n\n\n\n\nTangible net assets per share\n\n\n38.3p\n\n\n38.3p\n\n\n0.0%\n\n\n\n\nDividend per share\n\n\n1.30p\n\n\n1.05p\n\n\n23.8%\n\n\n\n\n \n* adjusted for amortisation of intangible assets and share based payments charge. \n \nOperational Highlights\n\n\n\n\n \n\n\nIncrease/(decrease) year-on-year\n\n\n\n\n \n\n\nTotal\n\n\nLike-for-Like\n\n\n \n\n\n\n\nGroup revenues\n\n\n16.8%\n\n\n7.3%\n\n\n \n\n\n\n\nService revenues\n\n\n13.9%\n\n\n6.5%\n\n\n \n\n\n\n\n \n\n\n \n\n\n \n\n\n \n\n\n\n\nVolumes :\n\n\n \n\n\n \n\n\n \n\n\n\n\nNew retail vehicles\n\n\n11.0%\n\n\n4.0%\n\n\n \n\n\n\n\nMotability vehicles\n\n\n8.4%\n\n\n1.6%\n\n\n \n\n\n\n\nFleet new cars\n\n\n0.9%\n\n\n(4.2%)\n\n\n \n\n\n\n\nCommercial new vehicles\n\n\n32.3%\n\n\n22.0%\n\n\n \n\n\n\n\nUsed retail vehicles\n\n\n13.0%\n\n\n8.0%\n\n\n \n\n\n\n\n \n· Since 1 March 2015, acquired 16 dealerships including Audi, Honda, Volkswagen, Mercedes-Benz, Jaguar and La...