Cazoo to Announce Full-Year and Fourth Quarter 2022 Results on March 30, 2023
March 16 2023 - 4:05PM
Business Wire
Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”), the
UK’s leading online car retailer, which makes buying and selling a
car as simple as ordering any other product online, today announces
the Company will release its full-year and fourth quarter 2022
results before the U.S. stock market opens on Thursday, March 30,
2023. The Company will host a conference call at 8:00 a.m. Eastern
Time that day.
Investors and analysts interested in participating in the call
are invited to dial 1-877-704-6255, or for international callers,
1-215-268-9947. A webcast of the call will also be available on the
investor relations page of the Company’s website at
https://investors.cazoo.co.uk.
About Cazoo - www.cazoo.co.uk
Our mission is to transform the car buying and selling
experience across the UK by providing better selection, value,
transparency, convenience and peace of mind. Our aim is to make
buying or selling a car no different to ordering any other product
online, where consumers can simply and seamlessly buy, sell or
finance a car entirely online for delivery or collection in as
little as 72 hours. Cazoo was founded in 2018 by serial
entrepreneur Alex Chesterman OBE and is a publicly traded company
(NYSE: CZOO).
Forward-Looking Statements
This communication contains “forward-looking statements” within
the meaning of the “safe harbour” provisions of the Private
Securities Litigation Reform Act of 1995. The expectations,
estimates, and projections of the business of Cazoo may differ from
its actual results and, consequently, you should not rely on
forward-looking statements as predictions of future events. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: (1) the implementation of and expected benefits from
our business realignment plan, the winddown of operations in
mainland Europe, the revised 2023 plan, and other cost-saving
initiatives; (2) realizing the benefits expected from the business
combination (the “Business Combination”) with Ajax I; (3) reaching
and maintaining profitability in the future; (4) global inflation
and cost increases for labor, fuel, materials and services; (5)
geopolitical and macroeconomic conditions and their impact on
prices for goods and services and on consumer discretionary
spending; (6) having access to suitable and sufficient vehicle
inventory for resale to customers and reconditioning and selling
inventory expeditiously and efficiently; (7) availability of credit
for vehicle and other financing and the affordability of interest
rates; (8) increasing Cazoo’s service offerings and price
optimization; (9) effectively promoting Cazoo’s brand and
increasing brand awareness; (10) expanding Cazoo’s product
offerings and introducing additional products and services; (11)
enhancing future operating and financial results; (12) achieving
our long-term growth goals; (13) acquiring and integrating other
companies; (14) acquiring and protecting intellectual property;
(15) attracting, training and retaining key personnel; (16)
complying with laws and regulations applicable to Cazoo’s business;
(17) successfully deploying the proceeds from the Business
Combination and the issuance of $630 million of convertible notes
to an investor group led by Viking Global Investors; and (18) other
risks and uncertainties set forth in the sections entitled “Risk
Factors” and “Forward-Looking Statements” in the Reports on Form
6-K filed with the U.S. Securities and Exchange Commission (the
“SEC”) by Cazoo Group Ltd on June 9, 2022 and September 8, 2022 and
in subsequent filings with the SEC. The foregoing list of factors
is not exhaustive. You should carefully consider the foregoing
factors and the disclosure included in other documents filed by
Cazoo from time to time with the SEC. These filings identify and
address other important risks and uncertainties that could cause
actual events and results to differ materially from those contained
in the forward-looking statements. Forward-looking statements speak
only as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and Cazoo assumes no
obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Cazoo gives no assurance that it will
achieve its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20230316005645/en/
Investor Relations: Cazoo: Robert Berg, Director of
Investor Relations and Corporate Finance, investors@cazoo.co.uk
Cazoo: Anna Gavrilova, Head of Investor Relations,
investors@cazoo.co.uk ICR: cazoo@icrinc.com
Media: Cazoo: Lawrence Hall, Group Communications
Director, lawrence.hall@cazoo.co.uk Brunswick: Chris
Blundell/Simone Selzer +44 20 7404 5959 /
cazoo@brunswickgroup.com
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