Marshall Motor Holdings is an AM top 10 dealer group. Since the beginning of 2008 Marshall Motor Holdings has added 57 franchises to its portfolio and now operates about 76 franchise dealership businesses representing 24 different manufacturer brands, with a turnover in excess of £1.2bn per annum and 2,674 colleagues.

The company currently sells around 57,000 new and used vehicles and over 550,000 service and repair hours per annum. Marshall also operates 2 accident and repair centers and one filling station. Marshall Motor Holdings aims to be the UK’s premier automotive retail and leasing group as recognized by its colleagues, customers, business partners and shareholders.


Admission and commencement of dealings in the Ordinary Shares on AIM 2 April 2015

http://www.mmhplc.com/

Director buys - 18 Oct 2016
Marshall Motor Holdings PLC
Alan Ferguson
25,000
150
37,500

18 Oct 2016
Marshall Motor Holdings PLC
Peter Johnson
25,000
150
37,500

Interim results


Financial highlights
·       Underlying profit before tax up 32.9% to £18.6m (H1 2016: £14.0m)
·       Record results from retail segment: PBT growth of 38.2% 
·       Interim dividend of 2.15p per share (2016 interim dividend: 1.80p)
·       Adjusted net debt (excluding leasing loans) at 30 June 2017: £35.1m. Adjusted net debt/EBITDA: 0.7x
·       Significant balance sheet capacity underpinned by £112.5m of freehold/long leasehold property.
·       Net assets at 30 June 2017 of £2.04 per share (30 June 2016: £1.78 per share)
Operational highlights
·       Good like-for-like3 revenue growth of 6.7%
·       New car retail unit sales up 32.7% (like-for-like down 0.4%, outperforming UK new car retail market which was down 4.8%)
·       Used car unit sales up 39.7% (like-for-like up 5.8%)
·       Aftersales revenues up 43.1% (like-for-like up 2.3%) driven by a strong service performance
·       Ridgeway acquisition delivering to plan and making a material profit before tax contribution of £5.4m (H1 2016: £1.0m)
·       Continued good levels of profitability in the leasing segment with further fleet growth and a number of new customer account wins.
·       Focus and control of operating expenses at 9.7% of revenue (H1 2016: 10.1%)
·       Further investment in the Group's property portfolio with £12.3m retail capital expenditure during the Period.