Partner Article

Strong year for Auto Trader with pre-tax profits of £10.9m

Auto Trader Group, the Manchester-based operator of www.autotrader.co.uk, a digital automotive marketplace, has reported its audited financial results for the year ended 29 March 2015.

The stats

The group has reported a pre-tax profit of £10.9m (2014: £3.7m).

It has also seen revenue up 8% to £255.9 million (2014: £237.7 million).

The analysis

The group has enjoyed a strong year with an average of 13,450 retailer forecourts chosing to advertise with Auto Trader, this represents an increase of 2.5% compared to 2014.

The marketplace has also seen a record number of cars advertised via Auto Trader and an increase of average spend by an additional 6% from retailers.

The group successfully listed on London Stock Exchange March 2015, raising more than £2bn.

The comment

Chief executive of Auto Trader Group plc, Trevor Mather, said:“The market is moving increasingly online and every year more consumers spend more time researching using the internet.

“As the UK’s largest digital automotive marketplace, we work hard to continually develop our site so consumers get a great experience when they are looking to buy or sell a vehicle.

“We are equally focused on developing innovative products that add value to our retailer customers, to help them win in the digital marketplace.

“It is this dual focus that has enabled us to grow both our consumer audience and our retailer customer base, which in turn has helped us to achieve overall revenue growth.

“The new financial year has started well and in line with the Board’s expectations.

“Based upon healthy customer numbers; further revenue improvement from increased product penetration; combined with only modest cost base increases, the Board is confident of growth in the coming year.”

The summary

A successful year for the group, with an IPO in March and pre-tax profits of £10.9m.

This was posted in Bdaily's Members' News section by Sophia Taha .