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 Deals - Marshall Motor Holdings PLC (MMH)

Daksh Gupta, Chief Executive Officer, bought 30,480 shares in the company on the 26th May 2016 at a price of 193.80p. The Director now holds 723,990 shares. Story provided by StockMarketWire.com Director deals data provided by www.directorsholdings.com

Marshall Motor Holdings PLC (MMH:LSE) set a new 52-week high during today's trading session when it reached 199.00. Over this period, the share price is up 6.42%.

Interim Results

RNS


RNS Number : 2301H

Marshall Motor Holdings PLC

16 August 2016




16 August 2016



MARSHALL MOTOR HOLDINGS plc

("MMH" or the "Group")



Unaudited interim results for the six months ended 30 June 2016



Marshall Motor Holdings plc delivers record results



Marshall Motor Holdings plc, one of the UK's leading automotive retail and leasing Groups, is pleased to announce its unaudited interim results for the six months ended 30 June 2016 (the "Period").



Financial highlights



· Revenue increased by 30.7% to £826.4m (H1 2015: £632.5m).

· Adjusted profit before tax* up 33.6% to £14.0m (H1 2015: £10.5m).

· Record results from both retail & leasing segments: PBT growth of 27.0% and 5.8%, respectively.

· Interim dividend of 1.80p per share (Pro rata interim dividend 2015; 0.58p).

· Adjusted net debt (excluding leasing loans) at 30 June £32.4m. Proforma adjusted net debt / EBITDA** 0.8x.

· Significant balance sheet capacity - new 3 year committed, unsecured £120m revolving credit facility.

· Net assets of £137.4m (2015: £126.2m) equating to £1.78 per share (2015: £1.63 per share).

Operational & Strategic highlights

· New car unit sales up by 20.3% (like-for-like*** up by 3.2%).

· Used car unit sales up by 15.8% (like-for-like up by 0.9%).

· Aftersales revenues up by 36.6% (like-for-like up by 6.3%).

· Gross profit margin up by 20bp to 11.9% (H1 2015: 11.7%).

· Strategic acquisition of Ridgeway Garages (Newbury) Limited ("Ridgeway") for £106.9m.

Daksh Gupta, Group Chief Executive, said:



"The Board is pleased to announce another period of strong trading, underpinned by like-for-like organic growth in both revenue and gross profit together with contributions from recent acquisitions. We were delighted to complete the strategic acquisition of Ridgeway which has extended the Group's geographical reach and strengthened relationships with key brand partners. The enlarged group remains well positioned to execute its growth strategy moving forward."



* Adjusted profit before tax = profit before tax, acquisition costs and profit on disposal of dealerships

** Based on proforma 12 months EBITDA to 30 June 2016

*** "like-for-like" is defined in note 1 to the interim financial statements

16 Aug Investec 275.00 Buy

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.