Motorpoint reports 12.7% revenue growth

Motorpoint reports 12.7% revenue growth

Mark CarpenterMotorpoint Group plc has confirmed its results for the year ended 31 March 2017, with revenue increased 12.7% to £822.0m.

The firm which opened its 10th retail site in Castleford in April 2016,  and went on to launch an 11th retail site, in Oldbury, in July 2016, has recorded a reduced profit before tax of £11.7m down from £16.9m in the previous financial year.

Mark Carpenter, Chief Executive commented:“The Group continued to make progress during the year, particularly in the second half and I am encouraged by the performance of our two new site openings. Customer satisfaction scores have increased across the Group, demonstrating the effectiveness of our unique business model which is built around the cornerstones of Choice, Value and Service.

“Whilst we remain mindful of the current uncertain economic environment, trading at the beginning of the new financial year has started to plan and continued the positive trend from Q4 FY17. We remain well placed to continue growing the Motorpoint brand and to extend our compelling, value-focused proposition to more customers across the UK. Our market leading position, combined with our focus on nurturing talent within the business and commitment to delivering exceptional customer service leave us confident about the Group’s trading prospects for the year ahead.”