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Vertu Motors chief executive Robert Forrester has said the AM100 PLC will continue to drive a âbig brandâ profile after adding 30 car retail outlets in 15 months.
Forrester was speaking to AM this morning (May 12) after the group revealed a like-for-like revenue decline of 21.6%, to £2.5bn (2020: £3.1bn), and adjusted profit before tax ahead of analyst forecasts, up 7% at £24.6m (2020: £23.0m), in annual financial results for the period to February 28, 2021.
Emerging from a period heavily impacted by the COVID-19 coronavirus pandemic with a strong balance sheet, Forrester revealed a desire to add further retail outlets while driving the brandâs profile â initially rebranding its Farnell Jaguar Land Rover sites as Vertu in a move to three core brands.