Motorpoint returns to profitability after ‘brilliant basics’ programme

Motorpoint has returned to profitability on the back of a 17% increase in sales volumes and a 'back to basics' approach to operational excellence.

Mark Carpenter, Motorpoint Group chief executive said the successful execution of its "Brilliant Basics programme" during financial year 2024, alongside the easing of macroeconomic pressures, has resulted in a return to profitability.

The company provided a trading update for its performance for the six months ended September 30 and said profit before taxation is expected to be around £2 million compared to a £3.7m loss for the first half of its 2024 financial year.