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Northgate UK shows signs of recovery

Northgate UK shows signs of recovery

Northgate (NTG) may have finally turned a corner. Alongside the typically strong performance in Spain – where vehicle rental profit surged by more than a third to £40m – the UK saw a comparatively gentle, but promising, 4.8 per cent rental profit growth last year. While the 7.8 per cent rental margin is still dwarfed by the 19.7 per cent enjoyed in Spain (a 4.3 percentage point improvement), management believes the UK business now has a solid platform from which to focus on margin expansion.

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