REG - Vertu Motors PLC - Business Interruption Insurance Settlement

Vertu MotorsAnnouncement

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RNS Number : 4797C  Vertu Motors PLC  30 April 2026

30 April 2026

 

Vertu Motors plc ("Vertu Motors", the "Company" or the "Group")

 

Business Interruption Insurance Settlement

 

Vertu Motors, a leading UK automotive retailer, announces that it has been
notified by its insurers of a successful settlement of the Group's business
interruption insurance claim relating to the cyber-attack on Jaguar Land Rover
Limited ("JLR") in September 2025, which temporarily disrupted JLR vehicle
supply, parts availability and connected systems used by JLR franchised
retailers, including those operated by the Group.  The business impact was
resolved by early 2026.

 

The total claim recovery has been agreed at £3.9 million, against which a
£0.5 million policy deductible applies, resulting in a total net insurance
recovery to the Group of £3.4 million.  A £1.0 million interim payment was
notified in the 5 March 2026 trading update.  The full recovery will be
recognised as underlying income in the Group's results for the year ended 28
February 2026.

 

Impact on FY26 adjusted profit before tax

 

Reflecting the additional £2.4 million insurance recovery, the Board now
expects FY26 adjusted profit before tax to be ahead of the current market
consensus of £21.6 million (with a range of £21.0m to £22.0m) referenced in
the Group's trading update of 5 March 2026.

 

Preliminary results for the year ended 28 February 2026 will be announced on
13 May 2026.

 

This announcement contains inside information for the purposes of Article 7 of
the Market Abuse Regulation (EU) 596/2014 as it forms part of UK domestic law
by virtue of the European Union (Withdrawal) Act 2018 ("MAR"), and is
disclosed in accordance with the Company's obligations under Article 17 of
MAR.

 

 Vertu Motors plc              Tel: +44 (0) 191 491 2121
 Robert Forrester, CEO
 Karen Anderson, CFO
 Phil Clark, Investor Relations

 Stifel (Nominated Adviser and Joint Broker)           Tel: +44 (0) 207 710 7688
 Matthew Blawat
 Callum Stewart

 Shore Capital (Joint Broker)  Tel: +44 (0) 20 7408 4090
 Mark Percy / Sophie Collins (Corporate Advisory)
 Isobel Jones (Corporate Broking)

 Camarco                       Tel: +44 (0) 203 757 4980
 Billy Clegg
 Tom Huddart

 Notes to Editors
 Vertu Motors is the fourth largest automotive retailer in the UK with a
 network of 191 sales outlets across the UK.
 Vertu Motors was established in November 2006 with the strategy to consolidate
 the UK motor retail sector.  It is intended that the Group will continue to
 acquire motor retail operations to grow a scaled dealership group.  The
 Group's acquisition strategy is supplemented by a focused organic growth
 strategy to drive operational efficiencies through its national dealership
 network.
 Vertu's Mission Statement is to "deliver an outstanding customer motoring
 experience through honesty and trust".
 Vertu Motors Group websites - https://investors.vertumotors.com
 (https://url.avanan.click/v2/r02/___https:/investors.vertumotors.com___.YXAxZTpzaG9yZWNhcDphOm86ZjAwZmFkNTk1YTI5NTNjNDhjNTQ4ZTgyMTYyZGQ3YTU6NzphZTExOmYyYWVkNDFmYTRiOTg4NGVhYmNlN2ExNTQ4ZGFmMzY4ZDY1NGRmYjM0N2MwZjlmZTgxYTRmOTZmYWQ2ZDYxYTM6cDpGOk4)
 / www.vertucareers.com
 (https://url.avanan.click/v2/r02/___http:/www.vertucareers.com___.YXAxZTpzaG9yZWNhcDphOm86ZjAwZmFkNTk1YTI5NTNjNDhjNTQ4ZTgyMTYyZGQ3YTU6NzpmM2FlOmM3Y2FlM2U4ZTVkNDc5MzJlMmM5ZDdmNTE2NzFmN2U4Mjc3Y2I3NzQ4MjE2MDYzYzBjNDQ1MGYzOGI3MTk2YzA6cDpGOk4)

 Vertu brand websites - www.vertumotors.com
 (https://url.avanan.click/v2/r02/___http:/www.vertumotors.com___.YXAxZTpzaG9yZWNhcDphOm86ZjAwZmFkNTk1YTI5NTNjNDhjNTQ4ZTgyMTYyZGQ3YTU6Nzo5NmE0Ojg3NjQyZWNmNzNlOWY0NThlMzAwOTE2MjMzYzczZTVhMTI2MTQ4YWZmOGQ4MWM3ZjE1YzhlODVjOTBhMjQ4Zjk6cDpGOk4)

 

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