7th Oct 2021 15:29
Motorpoint Group PLC - Derby, England-based vehicle retailer - Says revenue for six months that ended September 30 up 57% year-on-year following strong demand for used vehicles. Margins remain strong, with gross profit rising 58% on a year ago. "Trading continues to be in line with the board's expectations for the full year and the group is well placed to deal with these uncertain potential headwinds and invest further in growth. The board looks to the future with confidence, as the group transitions to a digitally led business with huge potential," it says. The Motorpoint car buying service, which buys cars direct from consumers, was launched in July to increase the supply of vehicles to sell. Will release interim results on November 25.
Current stock price: 356.00 pence, up 0.1% on Thursday
Year-to-date change: up 24%
By Tom Waite; [email protected]
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