Click the thumbs up >The Vertu Motors board has said that the AM100 car retail group is positioned to realise âambitious growth aspirationsâ after crediting a huge Vertu team effort for a creditable 2020 trading performance.
In a trading update published by the PLC this morning (March 1) chief executive, Robert Forrester, revealed that the board expects its trading result for the year ended February 28, 2021, at an adjusted profit before tax level, to be âin-line with current analysts forecasts of around £23mâ.
And the group, which operates Bristol Street Motors, Macklin Motors, Vertu Motors and Farnell retail divisions, also saw revenues rise by 4.1% during the period thanks, in part, to the addition of 29 new franchised outlets.