# Vertu Motors adjusted PBT ahead of prior year (Analyst Interview)

- Link: https://www.directorstalkinterviews.com/vertu-motors-adjusted-pbt-ahead-of-prior-year-analyst-interview/412842903
- Published: 2020-07-16T07:28:35+01:00
- Author: Giles Arbor

**Vertu Motors plc** (LON:VTU) is the topic of conversation when Mike Allen, Head
of Research joins DirectorsTalk. Mike talks us through key points from the trading
update, explains the cash position and shares his view on the company outlook.

Vertu Motors is the fifth largest automotive retailer in the UK with a network of
133 sales outlets across the UK. Its dealerships operate predominantly under the
Bristol Street Motors, Vertu, Farnell and Macklin Motors brand names.

Vertu was established in November 2006 with the strategy to consolidate the UK motor
retail sector. It is intended that the Group will continue to acquire motor retail
operations to grow a scaled dealership group. The Group’s acquisition strategy is
supplemented by a focused organic growth strategy to drive operational efficiencies
through its national dealership network. The Group currently operates 130 franchised
sales outlets and 3 non-franchised sales operations from 110 locations across the
UK.

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