7 February 2025 - trading update
It is disappointing to have to report that Vertu Motors, the UK's fourth largest automotive retailer, has issued a disappointing trading update. The company believes that its results for the year to 28 February 2025 will come in well below market expectations with adjusted pre-tax profits for the year likely to fall well short of the £34.5m market consensus. Trading at the group has been adversely affected by a number of factors with UK new car sales at the lowest level for 25 years, even including the pandemic period. Although Vertu increased . . .
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