Motorpoint Group plc AGM Trading Update (0665M)
July 26 2017 - 2:00AM
UK Regulatory
TIDMMOTR
RNS Number : 0665M
Motorpoint Group plc
26 July 2017
26 July 2017
Motorpoint Group plc
("Motorpoint" or the "Group")
AGM Trading Update
Mark Morris, Chairman of Motorpoint Group plc, the UK's largest
independent vehicle retailer, will make the following statement at
the Group's Annual General Meeting to be held at 10.00am today.
"The improved trading performance in the second half of our
financial year, which ended on 31 March 2017, has continued in Q1
of the current financial year, with the rate of sales growth
maintained and the Group's gross margins remaining in line with our
expectations. The recent site openings in Castleford, Oldbury and
Sheffield are all continuing to develop and are building pleasing
momentum. Following the encouraging first quarter, the Board
remains cautiously confident in delivering a full year performance
in line with our expectations."
Enquiries:
Motorpoint Group plc via FTI Consulting
Mark Carpenter, Chief Executive
Officer
James Gilmour, Chief Financial
Officer
FTI Consulting (Financial
PR)
Jonathon Brill
Alex Beagley
James Styles
George Robinson 020 3727 1000
Notes to editors
Motorpoint is the largest independent vehicle retailer in the
United Kingdom. The Group's principal business is the sale of
nearly-new vehicles, the majority of which are up to two years old
and which have covered less than 15,000 miles. Motorpoint sells
vehicles from brands representing over 95 per cent. of new vehicle
sales in the United Kingdom, with models from Ford, Vauxhall,
Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top
sellers. The Group operates from 12 retail sites across the United
Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford,
Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of
which seven have opened in the last five years; together with a
national contact-centre dealing with online enquiries.
More information is available at www.motorpointplc.com and
www.motorpoint.co.uk.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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