Vertu Motors (VTU) Trading update summary

Trading performance and outlook

• Achieved like-for-like volume growth across new retail, Motability, used vehicle, and fleet channels.

• Aftersales operations are driving year-on-year profit growth and maintaining stable margins.

• Trading performance is ahead of prior year levels and current market expectations.

Portfolio transformation and expansion

• Launching first Omoda and Jaecoo dealership on 1 July 2026, with another outlet re-franchised by 1 October 2026.

• Will operate 15 sales outlets representing Chinese automotive brands after these openings.

• Relocating Sheffield Mazda to a multi-franchise site to optimize costs.

Financial guidance and cost management

• Full year FY27 results anticipated to exceed current market consensus of £24.5m adjusted profit before tax.

• Operating costs remain tightly controlled, with cost benefits expected from portfolio changes.