Business Interruption Insurance Settlement

Summary by AI BETAClose X

Vertu Motors plc has secured a £3.4 million net settlement from its insurers regarding business interruption caused by a cyber-attack on Jaguar Land Rover in September 2025. This recovery, after a £0.5 million deductible, will be recognised as underlying income for the year ended 28 February 2026. The additional £2.4 million insurance recovery means the Group now anticipates its adjusted profit before tax for the fiscal year 2026 to exceed the current market consensus of £21.6 million.

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Vertu Motors (VTU)
UK 100

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