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/

Pre-close Statement and Notice of Results
RNS
RNS Number : 5135L
Marshall Motor Holdings PLC
12 January 2016

12 January 2016

MARSHALL MOTOR HOLDINGS PLC

("MMH" or the "Group")



Pre-close Statement and Notice of Results



Marshall Motor Holdings plc, one of the UK's leading automotive retail and leasing groups, issues its pre-close statement ahead of the release on 17 March 2016 of its full year results for the twelve months ended 31 December 2015 (the "Period").



The Group continued to build on the strong financial performance reported during the first half of the Period with further material improvement in profitability during the second half of the Period.



During the Period the Group's financial performance in both its retail and leasing divisions was ahead of the comparable period in 2014. This was partly offset, as expected, by increases in central costs (including additional costs related to our new public company status as reported in the first half of the Period).



The Board's outlook for the Period thus remains in line with its expectations, being a significant increase on the year ending 31 December 2014 despite absorbing the increased costs referred to above.



Divisional Performance

The Group's retail division continued to show good growth in both revenue and profitability during the Period compared to 2014 This was driven by a combination of contributions from recently acquired businesses, brand portfolio management in the prior year in line with strategy and like-for-like growth. The Group also recorded like-for-like unit growth in both new and used vehicle sales and aftersales revenues during the Period.



During the first half of the Period, the Group's fully integrated leasing division reported a material growth in profitability, largely driven by increased de-fleet activity. As anticipated, fleet disposals in the second half of the Period were more in line with those reported in the comparable period in 2014. Residual values remained robust and the number of vehicles in the fleet at the end of the Period was, as expected, broadly in line with last year.



Strategic Update

On 17 November 2015 the Group announced the acquisition of S.G. Smith Holdings Limited for a cash consideration of £24.4m. The acquisition represented a major expansion of the Group's relationship with Audi UK, a strengthening of our Skoda representation and an extension of our partnership with Mercedes Benz in commercial vehicles. It also extended the Group's geographic footprint in attractive new markets across Kent, Surrey and London. The acquisition is expected to be materially earnings enhancing for the year ended 31 December 2016 and to generate a return on investment* in excess of the Group's cost of capital in the following year. In addition, the Group incurred transaction fees and expenses in connection with the acquisition of approximately £0.5m.



The Group continues to build its acquisition pipeline in line with our stated strategy at IPO to grow scale with existing brand partners and expand our geographic footprint. The size of the respective opportunities varies; our focus remains on ensuring a strong strategic and financial case for ‎any transaction we seek to make.



Financial Position

The Group's balance sheet remains strong and we closed the Period with a positive adjusted net cash position (excluding leasing debt). The remaining net proceeds of the IPO, together with the Group's £75m revolving credit facility, which is currently undrawn, provide significant resources to fund further organic and acquisition-driven growth.



Full Year Results

The Group will publish its full year results for the twelve months ended 31 December 2015 on 17 March 2016.

12 Jan Investec 230.00 Buy

Full Year Results
RNS
RNS Number : 3618S
Marshall Motor Holdings PLC
17 March 2016

17 March 2016



MARSHALL MOTOR HOLDINGS plc

("MMH" or the "Group")



Annual results for the twelve months ended 31 December 2015



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 annual results for the twelve months ended 31 December 2015 (the "Period").



Financial highlights



· Revenue increased by 13.5% to £1,232.8m (2014: £1,085.9m)

· Adjusted profit before tax* up 21.4% to £15.8m (2014: £13.1m)

· Record results from both retail & leasing segments: PBT growth of 29.0% and 24.0% respectively

· Earnings per share of 19.7p

· Proposed final dividend of 2.40p per share which, with the pro rata interim dividend of 0.58p per share, gives a total dividend for the Period of 2.98p per share

· Strong balance sheet - net cash before leasing loans of £24.1m

Operational & Strategic highlights

· Record trading performance driven by organic growth, full year contributions from acquisitions and ongoing portfolio management

· New car unit sales up by 9.9% (like-for-like up by 7.2%)

· Used car unit sales up by 8.2% (like-for-like up by 1.5%)

· Aftersales revenues up by 8.5% (like-for-like up by 2.4%)

· Gross profit margin up by 0.2% to 11.8%

· Acquisition of SG Smith Holdings Limited ("SG Smith") for c£24.0m

· Three major new facility developments underway for Audi and Jaguar / Land Rover

Daksh Gupta, Group Chief Executive, said:



"The Board is pleased to announce record trading in the Period, underpinned by like-for-like organic volume growth and improved gross profit margin. In addition, we benefitted from contributions from recent acquisitions and ongoing portfolio management. Our retail and leasing segments have reported record results showing growth in profit before tax of 29.0% and 24.0% respectively.



Our transition to an independent public company marked a significant moment in the Group's 106 year history. We continue to pursue both our organic and acquisition growth strategies and we were pleased to complete the acquisition of SG Smith in November 2015 in line with our stated strategy.



Trading in the current financial year has started in line with our expectations. Based on current market conditions and visibility of the important March plate change month, we continue to have confidence in delivering further material growth in 2016, in line with current expectations.



I would like to take this opportunity on behalf of the Board to thank the entire Marshall team, our brand partners and new investors for their continued support."



* Adjusted profit before tax = profit before tax and acquisition costs

17 Mar Investec 230.00 Buy

Disposal of Three Dealerships

RNS


RNS Number : 1318U

Marshall Motor Holdings PLC

05 April 2016




5 April 2016

MARSHALL MOTOR HOLDINGS PLC

("MMH" or the "Group")



Disposal of three dealerships





Marshall Motor Holdings plc, one of the UK's leading automotive retail and leasing groups, today announces the disposal of two Toyota dealerships and one Nissan dealership.



The Group has disposed of its two Toyota dealerships at Peterborough and Kings Lynn for a cash consideration of c£2.0m to Steven Eagell Limited, the UKs largest independent solus Toyota dealer.



The Group has also disposed of its Nissan dealership at Bury St Edmunds for a cash consideration of c£1.1m to A W & D Hammond Limited. The Group continues to own and operate its Nissan market area in Lincolnshire represented in Grantham, Lincoln and Boston.



In 2015 these dealerships contributed £32m in revenues and combined operating losses of £0.2m. The transactions together are expected to give rise to a small one-off loss on disposal.



Daksh Gupta, Group Chief Executive commented:

"The Group is committed to ongoing portfolio management to support both our acquisition and organic growth strategies. Since 2008 we have now exited some 28 non-core, sub-scale or loss-making businesses and over that period have added 58 franchises. The disposals announced today are in line with the Group's strategy of driving class leading returns and supporting its brand partners' market area strategies. We will continue to grow with our existing brand partners and our strong balance sheet will facilitate further organic and acquisition related growth in new regions.



"I would like to thank my colleagues in Peterborough, Kings Lynn and Bury St Edmunds for all their support over recent years and wish them and the new business owners much success in the future."

Acquisition

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.