Continued strong growth in automotive enquiry volumes up 14% on pcp. Enquiry volumes on new cars up 23% on pcp. New car inventory levels up 22% to over 48,000 new cars. Overall automotive inventory up 6.7% to 216,000 cars online. Continued strong revenue growth in display advertising with Mediamotive growing 47% on pcp. Private revenue up 3% on pcp. Automotive was flatter through H2 as we maintained our standard ad pricing to protect our strong market position. Non automotive verticals all continued to perform strongly across private, dealer and display advertising. The verticals that stood out were bikes, industry and caravan & camping Dealer & Data services had a stand out year demonstrating particular strength in LiveMarket customer acquisition, Redbook , video and CarFacts for the private seller segment. Many, many new products and features released throughout the past twelve months and a number with good potential. Expect the pace of product development to continue over the coming twelve months
CRZ is profitable with some growth going forward
CRZ Price at posting:
$7.48 Sentiment: Buy Disclosure: Held
