Motorpoint introduced a return to worthwhile buying and selling with full yr retail volumes up 14% in comparison with final yr.
It delivered a robust efficiency within the 0-6 yr class for the 12 months to 31 December 2024, with retail gross sales volumes up 14.8% yr on yr, towards 2.8% market development.
Its twenty first retailer opened in Norwich in early December and is buying and selling effectively and it continues to judge additional retailer opening alternatives
it expects pre-tax revenue between £4m and £4.3m million for the monetary yr ended March 31 in comparison with a lack of £10.4m within the prior yr.
Motorpoint CEO Mark Carpenter mentioned: “Having returned to profitability within the first half of FY25, I’m very happy with our efficiency throughout the total yr, delivering worthwhile development and considerably outperforming the broader used automobile market.
“We recommenced our new retailer opening programme with the Group’s twenty first retailer opening in Norwich in December 2024.
“However the continuing client and macroeconomic surroundings, Motorpoint is in a robust place to develop additional, and I’m cautiously optimistic for the FY26 outlook.
“I’m additionally happy to announce an additional share buyback programme, following the profitable completion of final yr’s £5m buyback.
