Vertu Motors sees FY trading performance in line with market expectations

Vertu Motors says its full-year trading performance will be in line with market expectations as it notes rises in total group and service revenue, in both total and like-for-like terms.

The vehicle retailer saw group revenues up 16.6%, or up 4.8% like-for-like. It added that service revenue was up 23.0%, and up 6% like-for-like.

"We are delighted with the group's performance during the period, particularly in used vehicles and our high-margin aftersales business," said chief executive Robert Forrester.

"We expect our full year results to show continued growth in revenues and profits."

Directors anticipated Vertu's full-year trading performance to be in line with current market expectations, expecting continued growth in revenues and profits.

At 11:05 GMT, shares in Vertu were up 0.52% to 48p each.