Brief: Cazoo Provides Business Performance & Strategic Update For April 2023

Cazoo

22/05/2023 23:18

May 22 (Reuters) - Cazoo Group Ltd  CZOO.N :
    * CAZOO PROVIDES BUSINESS PERFORMANCE & STRATEGIC UPDATE FOR
APRIL
2023
    * CAZOO GROUP LTD - Q2 2023 RETAIL GPU EXPECTED TO EXCEED
£1,200
    * CAZOO GROUP LTD - COST REDUCTION PLAN EXECUTED AND EU EXIT
COMPLETE
    * CAZOO GROUP LTD - EXPLORING DEBT RESTRUCTURING OPTIONS
WITH
NOTEHOLDERS
    * CAZOO GROUP LTD - CONTINUED IMPROVEMENT IN UNIT ECONOMICS
AND
COST REDUCTION EXPECTED INTO Q2 2023
    * CAZOO GROUP LTD - CASH POSITION REMAINS STRONG WITH CASH
OF £215
MILLION AS OF APRIL 30, 2023
    * CAZOO GROUP LTD - REITERATE OUR GUIDANCE FOR 2023
    * CAZOO GROUP LTD - CONTINUES TO EXPLORE POSSIBLE STRATEGIC
TRANSACTIONS TO DRIVE SCALE AND ACCELERATE ITS PATH TO
PROFITABILITY

Source text for Eikon:  ID:nBwb0f272a 
Further company coverage:  CZOO.N 

 ((Reutersbriefs@thomsonreuters.com;))