Vertu Motors puts its foot down

Vertu Motors accelerated after raising full year guidance in the wake of a strong set of interim results.

Vertu Motors accelerated after raising full year guidance in the wake of a strong set of interim results.

For the six months (H1) ended August 31st, revenue increased by 14.8% to £628.1m (2011 H1: £547.0m). Acquisitions in the first half of the financial year accounted for £3.8m of revenue, while companies acquired last year chipped in with £41.4m of revenue. Underlying revenues rose 7.6% reflecting higher vehicle sales levels in the period.

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