Business
Pre-close Trading Update
Pre-close Trading Update.
About this update from Vertu Motors Plc
[{"type":"text","content":"\n \nRNS Number : 1334Y Vertu Motors PLC 01 March 2017 \n\n1 March 2017\nVertu Motors plc (\"Vertu Motors\" or the \"Group\")\nPre-close Trading Update\nTrading in line with expectations with continued growth in revenues and profits\n \nVertu Motors, the automotive retailer with a network of 125 sales and aftersales outlets across the UK, is pleased to announce the following update ahead of its preliminary results for the year ended 28 February 2017.\nOverview\n· The Board expects trading performance for the year ended 28 February 2017 to be in line with current market expectations, anticipating continued growth in revenues and profits.\n· In the five months ended 31 January 2017 (\"the Period\") the Group saw continued growth in volumes, revenue and profits:\n \n\n\n\n\n \n\n\nIncrease (decrease) year-on-year\n\n\n\n\n \n\n\n Total\n\n\n Like-for-like\n\n\n \n\n\n\n\nGroup Revenues\n\n\n +16.6%\n\n\n +4.8%\n\n\n \n\n\n\n\nService Revenues\n\n\n +23.0%\n\n\n +6.0%\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\nUsed retail vehicles\n\n\n +13.1%\n\n\n +7.8%\n\n\n \n\n\n\n\nNew retail vehicles\n\n\n +1.5%\n\n\n (9.3%)\n\n\n \n\n\n\n\nMotability vehicles\n\n\n +0.7%\n\n\n &...