Brief: Motorpoint Group Says Q3 Revenue Of £1,064 Mln, Up 17%

Motorpoint

27/01/2023 07:32

Jan 27 (Reuters) - Motorpoint Group PLC  MOTR.L :
    * MOTORPOINT GROUP PLC  - Q3 TRADING UPDATE
    * MOTORPOINT GROUP PLC - Q3 REVENUE OF £1,064M, UP 17%
    * MOTORPOINT GROUP PLC - YTD, INVESTED AN INCREMENTAL C.£5M
COMPARED TO EQUIVALENT FY22 PERIOD TO GROW MARKET SHARE
    * MOTORPOINT GROUP - RECENT REDUCTIONS IN FINANCE
COMMISSIONS,
LOWER GROSS MARGIN, LARGELY DUE TO FALL IN EV VALUES WILL
NEGATIVELY IMPACT PROFITABILITY
    * MOTORPOINT GROUP PLC - MACRO FACTORS WILL CONTINUE TO
IMPACT
SALES AND PROFITABILITY FOR FORESEEABLE FUTURE

Source text for Eikon:  ID:nRSa0294Oa 
Further company coverage:  MOTR.L 
 ((Reuters.Briefs@thomsonreuters.com;))