“Pendragon is leading the evolution of automotive online retailing. Our underlying profit before tax has increased by 7.6% in the year as our growth continues."

Financial Highlights

-Underlying profit before tax up 5.3 million (+8%), from 70.1 million to 75.4 million.
- Operating leverage continues, with gross profit up 1.9% and underlying operating profit up 1%.
- Underlying earnings per share up 0.2p (+5%), from 3.7p to 3.9p.
- Final dividend proposed of 0.75p per share, reflecting profit progression, an increase of 11.5% on the full year dividend.

Strategic Highlights
-Our initiatives such as Move Me CloserTM, Sell Your Car and our aftersales progress update portal are leading the evolution of automotive online retailing.
-The Evanshalshaw.com and Stratstone.com websites have developed further during the year generating 22.7 million visits in the year, up +14.4% - with 66% of our visitors from self-generated rather than paid sources.
-Used vehicle revenue growth is a key strategic goal and revenues have grown by 64%in 5 years at a compound annual growth rate of 10.4%.
-Investment in additional physical capacity for used vehicle sales continues so that we can achieve at least double digit growth in used vehicle revenue in 2017.
-Our strategy is focused on our four ‘pillars’ of Choice, Value, Customer Service and Convenience supported by our people and protected by ownership of our evolving intellectual property and IT.

Operational Highlights
-Pinewood (the Group’s IT and Software division) established its first European customer user base and increased operating profit by +14.9%.
-Used vehicle revenue up +9.5% on a like for like basis (+5.6% total) as we continue to increase our market share.
-Aftersales revenue up +7.3% on a like for like basis (+4.1% total) as a result of market tailwinds and our initiatives.
-New vehicle revenue up +3.1% on a like for like basis (-1.4% total).
-Underlying operating margin 2.2% - in line with the prior year.

Full Year Results 2016

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Annual Report 2016

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Analysts Presentation

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