Motorpoint has said that it is “ideally positioned to continue its market share growth” after delivering a 64% increase in profits before tax and exceptional items and an 18% rise in revenues in its interim results.
Motorpoint Group PLC has said that it expects to report revenue growth of over 18% during the first half of 2017, compared to the same period last year.
Mark Morris, Motorpoint Group’s chairman, told investors at the company’s recent AGM he is “cautiously confident” about the company’s full year performance.
Motorpoint Group founder and executive director David Shelton is to become a non-executive director by 2018.
Motorpoint Group remains confident of continued successful trading in "uncertain economic conditions" as it enjoyed a continued rise in turnover - despite a fall in profits.
Motorpoint has opened the doors of its 12th site to mark a period of expansion which has created four car supermarket sites in just 18 months.
Car supermarket chain Motorpoint Group reports its work to shore up gross profit per unit has progressed, with margins normalised over the past six months.
Motorpoint has imported 100 pre-registered Volkswagen Golfs in a bid to allow its customers beat the incoming VED road tax changes.
Motorpoint has signed a partnership with cancer charity Teens Unite, for a minimum of 12 months, to help raise money for young people with the disease.
Motorpoint has promoted former general sales manager at its Newport car supermarket to the role of head of group operations.
Motorpoint has appointed Gavin Morgans as general manager of its £5 million Birtley car supermarket.
Over 6,000 people visited Motorpoint’s Chingford branch as the facility played host to a community Christmas fayre.
Motorpoint has revealed revenue increased by 11.5% to £408.9m but operating profit before exceptional items down 32% to £7m in its half-year financial report.
Motorpoint’s Chingford branch will welcome the public to the Chingford Village Christmas fair when it hosts the event for the second year in a row next month.
Uncertainty around the result of the EU referendum has led car supermarket group Motorpoint to sacrifice some margin to maintain its good level of stock turn.
Motorpoint has teamed up with folk rock band Lindisfarne to sponsor ‘Mutt Me at the Corner’ – a charity-inspired canine sculpture.
Motorpoint will continue to have its name featured on Cardiff’s 7,500 capacity Motorpoint Arena Cardiff after extending its naming rights deal on the venue for another five years.
Motorpoint has become the new principal sponsor for Motherwell Football Club.
Motorpoint has officially opened its Oldbury facility following a £5 million redevelopment of the former Car Select site.
Motorpoint Group plc has completed the acquisition of the former Car Select car supermarket at Oldbury, near Birmingham.
