Page 1

9 September 2021 LOOKERS plc ( " Lookers " or the " Group " ) Unaudited Interim Results for the six months ended 30 June 2021 Record H1 performance against tough backdrop ; repayment of CJRS receipts for H1 2021 , and new Board appointments Lookers plc , one of the leading UK motor retail and aftersales service groups , today announces its unaudited interim results for the six months ended 30 June 2021 ( " H1 " or the " period " ) . Highlights ● H1 trading exceptionally strong despite closure of the showrooms throughout Q1 . Trading underpinned by robust consumer demand and an improved omni - channel customer proposition , resulting in ongoing outperformance of the UK new retail car market ( + 17.4ppts ) and a market share of 6.7 % . Excellent used unit growth ( LFL + 38.3 % ) combined with strong margins . Revenue of £ 2,153.2m ( 2020 : £ 1,570.6m ) with all divisions showing growth versus last year . Record H1 with underlying profit before tax of £ 50.3m ( 2020 : Underlying loss before tax £ 36.5m ) . Statutory profit before tax of £ 50.7m ( 2020 : Statutory loss before tax £ 50.4m ) . Given the strong H1 performance and the Group's ongoing corporate responsibility agenda , the Board has voluntarily undertaken to repay all CJRS grants received for H1 ( £ 4.1m ) before the end of H2 . Strong cash generation with net cash of £ 33.0m at 30 June 2021 ( 31 December 2020 : Net Debt £ 40.7m ) driven by strong trading performance , continued working capital control and cost discipline . Property portfolio equivalent to 77.8p per share ( 2020 : 80.4p per share ) . The Board intends to resume dividend payments as soon as possible and will next review the position when releasing its 2021 full year results . Financial Summary Underlying ** Revenue Underlying profit / ( loss ) before tax Underlying earnings / ( loss ) per share Statutory Profit / ( loss ) before tax Basic earnings / ( loss ) per share H1 2021 £ 2,153.2m £ 50.3m 10.44p £ 50.7m 6.33p H1 2020 ( restated ) * £ 1,570.6m ( £ 36.5m ) ( 7.58p ) ( £ 50.4m ) ( 13.05p ) Variance 37.1 % 237.8 % 237.7 % 200.6 % 148.5 % FY 2020 £ 3,699.9m £ 14.1m 2.93p £ 2.0m ( 1.05p ) Net cash / ( debt ) *** £ 33.0m ( £ 11.0m ) 400.0 % ( £ 40.7m ) * The figures shown for H1 2020 reflect the adjustments to the interim results for 2020 , consistent with those included within the full year 2020 audited results and H1 2021 unaudited results . A reconciliation of these adjustments is presented in Note 1 . ** Underlying profit before tax is profit before tax and non - underlying items . Underlying earnings per share is the earnings / ( loss ) per share after tax and before non - underlying items ( see Note 17 ) . *** Bank loans and overdrafts less cash and cash equivalents , excluding stocking loans , vehicle rental liabilities and lease liabilities under IFRS 16 ( see Note 17 ) . Board Changes and Outlook