Edison Investment Research - SU PLC (SUS) SU - Covid-19 impacts but ready to resume progress

Report

Edison Investment Research

Pedro Fonseca

S&U - Covid-19 impacts but ready to resume progress

In its trading update S&U confirmed the impact of COVID-19, particularly on its main Advantage motor finance business. With new transactions and collections running below normal levels and additional provisions currently being made, the group expects a significant impact on results this year. Aspen property bridging has been affected by lower activity but has seen more positive indicators recently. The group is taking a prudent approach to new lending, but cash generation has left good headroom to respond once conditions begin to improve.

11/06/2020 7 EN

Underlying

S&U PLC

S & U is engaged in the provision of consumer credit and car finance throughout the United Kingdom.

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GB0007655037 London Stock Exchange United Kingdom

Provider

Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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Analysts

Pedro Fonseca

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S&U - Covid-19 impacts but ready to resume progress

S&U - Regulatory uncertainty holding back recovery

S&U - The time to look ahead

S&U - Timing is everything

Manx Financial Group - Termination of coverage

musicMagpie - Termination of coverage

Topps Tiles - Accelerating growth through Q125

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