Pendragon PLC reported interim management statement for the period from January 1, 2016 to April 27, 2016. For the period, the company reported underlying profit before tax increased by 8.7%. New gross profit increased by 15.2% on a like for like basis. The underlying EBITDA ratio remains significantly below the target range of 1.0 to 1.5.

The company expecting to see growth in profitability across after sales, used and new for the full year 2016 as the company continue to benefit from favourable market conditions and further implement the winning retail initiatives. The company expecting the group to perform in line with expectations for the full year.