Half Year 2024 Vertu Motors PLC Earnings Call Transcript
Good morning, and welcome to the investor and analyst presentation of Vertu Motors plc for our interim period ended 31st of August 2023. We're coming up to 17 years on the public market. We may very well be the last U.K.-focused, scaled, quoted company in the sector shortly. But we believe we've built a very strong and quality business.
If you look at our investment case, we believe it is very clear, this is a business that is sustainable and scalable. We believe that scale is vital to our success. And even down to implementation of regulatory matters such as consumer duty or indeed how we manage cyber risk, having scale gives us great benefits. And those benefits are visible across the business and through these results.
This is a business that is built on retaining customers, reselling them cars, retaining them into our aftersales business. And aftersales is high margin. And that's where we perceive significant future opportunity. This is a low-margin sector. So therefore, cost optimization is absolutely critical while
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