AGM Trading Update
Vertu Motors PLC has announced that its trading performance for the three-month period ending 31 May 2026 has been ahead of market expectations, with like-for-like volume growth across all channels including new retail, Motability, used vehicles, and fleet and commercial, supported by strong aftersales contributions. The company anticipates that full year results for FY27 will exceed current market expectations, which, as of 18 June 2026, estimate adjusted profit before tax at £24.5 million. This positive outlook is further bolstered by strategic portfolio changes, including the upcoming launch of its first Omoda and Jaecoo dealerships, with two outlets set to represent these brands by October 2026, expanding its representation of Chinese automotive brands to 15 sales outlets.
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Vertu Motors, a leading UK automotive retailer with a network of 191 sales and aftersales outlets, is pleased to announce the following update with regards to the three-month period to 31 May 2026 (the "Period").
The Group continues to trade positively in the financial year, with like-for-like volume growth in all channels: new retail, Motability, used vehicle and fleet and commercial. Aftersales is contributing to growth in Group profits year-on-year. Group margins remain stable and overall trading performance remains ahead of prior year levels.
The Group continues to review and transform its portfolio of operations. The Group will launch its first Omoda and Jaecoo dealership on 1 July 2026, providing exposure to two of the fastest-growing automotive brands in the UK market. The opening, in an existing Group site in Burton, demonstrates the Group's ability to reposition existing assets to support attractive growth opportunities. Another Group outlet will be re-franchised to Omoda and Jaecoo on 1 October 2026. The Group will have 15 sales outlets representing Chinese automotive brands following these openings.
Cost benefits will arise from portfolio changes, such as the relocation in the coming months of Sheffield Mazda from a stand-alone site to a multi-franchise operation alongside the Nissan franchise in the city. Group operating costs remain tightly controlled.
As a result of the above trading and portfolio changes, the Board anticipates that full year results for FY27 will be ahead of current market expectations1.
1 According to compiled data at 18 June 2026, the current consensus of three sell side analysts' expectations for FY27 adjusted profit before tax is £24.5m with a range of £23.5m to £25.1m.
Robert Forrester, Chief Executive Officer, said:
"The Group has made an encouraging start to FY27 with full year results now expected to be ahead of market expectations, supported by growth across all key revenue channels and continued momentum in our high margin aftersales operations. While we remain mindful of wider consumer pressures and the ongoing impact of the Zero Emission Mandate, we are confident in the resilience of the business and our ability to capture growth opportunities, including through the launch of our first Omoda and Jaecoo dealership in Burton."
| Vertu Motors plc | Tel: +44 (0) 191 491 2121 |
Robert Forrester, CEO Karen Anderson, CFO Phil Clark, Investor Relations
| Stifel (Nominated Adviser and Joint Broker) | Tel: +44 (0) 207 710 7688 |
| Matthew Blawat Callum Stewart | |
| Shore Capital (Joint Broker) | Tel: +44 (0) 20 7408 4090 |
Mark Percy / Sophie Collins (Corporate Advisory) Isobel Jones (Corporate Broking)
| Blackdown Partners (Corporate Finance Advisor) | Tel: +44 (0) 20 3757 4980 |
| Peter Tracey Tom Fyson | |
| Camarco | Tel: +44 (0) 203 757 4980 |
Billy Clegg Tom Huddart
Vertu brand websites - www.vertumotors.com
Cleaned text: letterheads, contacts and legal notices removed. View the original announcement ↗ · Company filings. Not investment advice.