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Vertu Motors Sees Full-Year Performance In Line With Consensus - Quick Facts

(RTTNews) - Vertu Motors plc (VTU.L), in its trading update, said the board expects the full-year performance to be in line with market expectations. Pre-exceptional profit is anticipated to be materially ahead of last year in the six months period to August 31, 2010. No exceptional items are anticipated in the first half.

The Group's private new car sales volumes increased in the five months to July 2010 by 6.7% on a like-for-like basis and by 35.2% overall as the number of sales outlets has increased over the prior year. Private registrations in the UK in the corresponding period grew by 11.8%.

Also, the board reported that the acquisitions undertaken last year have contributed positively to the Group's first half performance.