"Pendragon PLC has had a strong first half with underlying profit before tax up 9.7%."

Highlights

  • Used vehicle revenue up +20.9% on a like for like basis (+20.3% total) as we continue to increase our market share.
  • Aftersales revenue up +6.0% on a like for like basis (+5.6% total) as a result of market tailwinds and our initiatives.
  • New vehicle revenue back -4.3% on a like for like basis (-5.8% total) as a result of UK new vehicle market reductions, the UK retail market fell by -5.1% for the brands we represent.  Gross profit fell by 5.2% (£4.6 million) like for like.
  • Underlying operating margin 2.4%.


Trevor Finn, Chief Executive:

"Pendragon PLC has had a strong first half with underlying profit before tax up 9.7%.  We are particularly pleased with our used revenue growth, up 20.9% on a like for like basis, after setting our objective at the end of 2016 to achieve at least double digit growth in used revenue in 2017 and our aspiration over five years to double our used vehicle revenue."

Interim Results June 2017

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Interim Analysts Presentation June 2017

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Interim Report June 2017

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