Half Year Results 

Overheads dent Motorpoint's profits

Overheads dent Motorpoint's profits

The auto-retail market has continued to be tough for Motorpoint (MOTR) in the six months to September, with the group seeing "unusually high pressure on margins" in the first half of FY2020. They recovered to a degree in the second quarter, but the group still reported a 130 basis point drop in the gross margin compared with last year.

To continue reading, subscribe today

and enjoy unlimited access to the following:

  • Tips of the Week
  • Funds coverage
  • Weekly features on big investment themes
  • Trading ideas
  • Comprehensive companies coverage
  • Economic analysis
Subscribe to Investors Chronicle

Subscribe today

Full access for just £3.37 a week:

• Tips and recommendations - to beat the market 
• Portfolio clinic & Mr Bearbull - build a well-planned portfolio 
• Expert tools - track and manage investments effortlessly
• Plus free delivery to your home or office

Subscribe Now