Acquisition StrategyThe acquisition strengthens the group's presence in these counties, whilst expanding Vertu's relationships with key manufacturers, being Toyota, Mazda and Kia.
Shareholder ReturnsA new £12m buyback has been announced, increasing cash returns significantly.
ValuationVertu is trading on a one-year forward P/E of 7.4x, which is viewed as attractive for a leading UK automotive retail group.