AGM Trading Update

RNS Number : 5116V

Motorpoint Group plc

24 July 2018

 

24 July 2018

Motorpoint Group Plc

 ("Motorpoint" or "the Company")

AGM Trading Update

Mark Morris, Chairman of Motorpoint, the UK's largest independent vehicle retailer, will make the following statement at the Company's Annual General Meeting to be held at 11:00am today:

"Q1 trading for both sales and profit has been solid, and has continued at a consistent pace into the early weeks of Q2.  Group stock and immediate supply outlook are strong, and the Board remains confident of delivering the full year performance in line with management expectations."

Contact Information:
Motorpoint Group Plc (www.motorpointplc.com) Mark Carpenter, Chief Executive Officer James Gilmour, Chief Financial Officer	Via FTI Consulting
FTI Consulting (Financial PR) Alex Beagley James Styles Fern Duncan	020 3727 1000

Notes to editors

Motorpoint is the largest independent vehicle retailer in the United Kingdom. The Company's principal business is the sale of nearly-new vehicles, the majority of which are up to two years old and which have covered less than 15,000 miles.  Motorpoint sells vehicles from brands representing over 95 per cent. of new vehicle sales in the United Kingdom, with models from Ford, Vauxhall, Volkswagen, Nissan, Hyundai, Audi and BMW being amongst the top sellers. The Group operates from 12 retail sites across the United Kingdom; Derby, Burnley, Glasgow, Newport, Peterborough, Chingford, Birmingham, Widnes, Birtley, Castleford, Oldbury and Sheffield, of which four have opened in the last three years; together with a national contact-centre dealing with online enquiries.

More information is available at www.motorpointplc.com and www.motorpoint.co.uk.

 

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