Brief: Cazoo Group Reports Fourth Quarter 2022 Results

Cazoo

30/03/2023 11:34

March 30 (Reuters) - Cazoo Group Ltd  CZOO.N :
    * CAZOO GROUP LTD - RECONFIRMING FY 23 GUIDANCE WITH RECORD
RETAIL
GPU OF ABOUT £950 PER UNIT EXPECTED IN Q1
    * CAZOO GROUP LTD - RECONFIRMING OUR 2023 GUIDANCE WITH AN
EXPECTATION TO FINISH YEAR WITH CASH RESERVES OF £110
MILLION-£130 MILLION
    * CAZOO GROUP LTD QTRLY REVENUE £318 MILLION VERSUS £229
MILLION
    * CAZOO GROUP LTD - HEADCOUNT AND OPERATIONAL FOOTPRINT
RIGHTSIZING LARGELY COMPLETE AS PART OF REVISED 2023 PLAN
    * CAZOO GROUP LTD - EFFECTIVE 1 APRIL, ALEX CHESTERMAN
CONTINUES
IN ROLE OF EXECUTIVE CHAIRMAN
    * CAZOO GROUP LTD - PAUL WHITEHEAD TAKES ON ROLE OF CHIEF
EXECUTIVE OFFICER AND JONATHAN DUNKLEY BECOMES CHIEF OPERATING
OFFICER
    * CAZOO GROUP LTD -SEES FOR 2023 50,000-60,000 TOTAL UNIT
SALES,
OF WHICH 40,000-50,000 (2022: 65,366) RETAIL UNITS

Source text for Eikon:  ID:nBw3rGXrqa 
Further company coverage:  CZOO.N 

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