FINANCIAL HIGHLIGHTS
Revenue of £2,029.7m (2016: £1,153.1m) as a result of growth in outsourced remarketing contracts, webuyanycar.com and acquisitions
Adjusted EBITDA of £135.6m (2016: £98.5m), up 37.7%
Operating profit of £74.3m (2016: £16.3m) stated after;
o amortisation of acquired intangibles of £38.5m (2016: £34.4m); and
o net significant and non-recurring credits of £2.4m (2016: net debits of £30.8m)
Net debt of £260.5m (2016: £170.7m)
Diluted earnings per share of 5.1p and adjusted diluted earnings per share of 9.1p (up 30%)
Full year dividend of 6.75p per share a 12.5% increase on prior period (including a proposed 4.55p final dividend to be paid on 29 September 2017)
OPERATIONAL HIGHLIGHTS
UK Vehicle Remarketing volume of 956,000 units
International Vehicle Remarketing volume of 347,000 units
WeBuyAnyCar sold 194,000 units, an increase of 12.8%
The Automotive Services division was formed
UK Vehicle Remarketing recorded its 70th year of trading since its first auction
WeBuyAnyCar purchased its one millionth vehicle
Acquisition of Paragon Automotive Limited in July 2016
A new auction centre at Perry Barr, Birmingham was opened
