Motorpoint sees FY profit dip, says current trading positive
Source - SMW
Motorpoint Group has recorded a FY pretax profit of £11.7m, down from a profit of £16.9m. Total dividend was 4.23p a share, from nil.
"The group continued to make progress during the year, particularly in the second half and I am encouraged by the performance of our two new site openings," said CEO Mark Carpenter.
"Customer satisfaction scores have increased across the Group, demonstrating the effectiveness of our unique business model which is built around the cornerstones of Choice, Value and Service," said Carpenter.
He added that whilst Motorpoint remained mindful of the current uncertain economic environment, trading at the beginning of the new financial year had started to plan and continued the positive trend from Q4 FY17.
"We remain well placed to continue growing the Motorpoint brand and to extend our compelling, value-focused proposition to more customers across the UK," said Carpenter.
"Our market leading position, combined with our focus on nurturing talent within the business and commitment to delivering exceptional customer service leave us confident about the Group's trading prospects for the year ahead."
Revenue for the just-finished year was £822.0m, up from £729.2m.
At 9:05am: (LON:MOTR) Motorpoint Group Plc share price was +3.25p at 149.5p