Marshall Motor Holdings: Well positioned for the road ahead

Edison’s investment case for Marshall Motor Holdings (MMH) is rooted in the strong performance demonstrated in FY20. PBT for FY20 came in 9% ahead of our expectations. Management emphasised the group’s performance as resilient. We would highlight an agile team that has responded to the pandemic and achieved earnings ahead of our expectations through outperforming the market and utilising government support.

This keeps the group on a strong financial footing, giving MMH the opportunity to strengthen its market position as the UK dealerships continue to consolidate. This in turn should position MMH well for the growth in car ownership that is anticipated post pandemic as consumers seek alternatives to public transport and shift to electric vehicles.

Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.

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Marshall Motor Holdings Plc

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Marshall Motor Holdings Plc

Marshall fully open effective today

In accordance with the latest Government guidance, I am delighted to announce that all sales, service, parts and bodyshop departments across Marshall Motor Group retailers will FULLY REOPEN effective Monday 12 April 2021. As always, the safety of our customers,