Full Year 2021 Vertu Motors PLC Earnings Call - Pre-Recorded Transcript
Welcome to our 2021 results presentation. Hopefully, the last one that will be presented under the pandemic conditions. My name Robert Forrester, Chief Executive of Vertu Motors Plc, and I'm joined by our Chief Financial Officer, Karen Anderson. It's 15 years since the company was incorporated, and we've navigated 1 global financial crisis and 1 global pandemic to create the ninth largest European automotive retailer and the fifth largest in the United Kingdom.
We believe we've got a strong track record of execution with revenues approaching GBP 4 billion on a normalized basis. Profitability growth exhibited over the period, a strong history of cash flow generation and an exceptionally strong asset base with tangible net assets per share of 50.2p at the end of the period. There have been 2 key elements in this transition from a non-incorporated company to where we find ourselves today: one is stable committed management; and the second is an absolute focus on the culture of the business from day 1 to build a very strong culture.
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