Cazoo to Announce Second Quarter and First Half 2022 Results on August 2, 2022
July 18 2022 - 6:00AM
Business Wire
Cazoo Group Ltd (NYSE: CZOO) (“Cazoo” or “the Company”),
Europe’s leading online car retailer, which makes buying and
selling a car as simple as ordering any other product online, today
announced the Company will release its second quarter and first
half fiscal year 2022 results before the U.S. stock market opens on
Tuesday, August 2, 2022. The Company will host a conference call at
8:00 a.m. Eastern Time that day.
Investors and analysts interested in participating in the call
are invited to dial 1-877-704-6255, or for international callers,
1-215-268-9947. A webcast of the call will also be available on the
investor relations page of the Company’s website at
https://investors.cazoo.co.uk.
About Cazoo – www.cazoo.co.uk
Our mission is to transform the car buying and selling
experience across the UK & Europe by providing better
selection, value, transparency, convenience and peace of mind. Our
aim is to make buying or selling a car no different to ordering any
other product online today, where consumers can simply and
seamlessly buy, sell or finance a car entirely online for delivery
or collection in as little as 72 hours. Cazoo was founded in 2018
by serial entrepreneur Alex Chesterman OBE, is backed by some of
the leading technology investors globally and is publicly traded
(NYSE: CZOO).
Forward-Looking Statements
This communication contains “forward-looking statements” within
the meaning of the “safe harbour” provisions of the Private
Securities Litigation Reform Act of 1995. The expectations,
estimates, and projections of the business of Cazoo may differ from
its actual results and, consequently, you should not rely on
forward-looking statements as predictions of future events. These
forward-looking statements generally are identified by the words
“believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,”
“strategy,” “future,” “opportunity,” “plan,” “may,” “should,”
“will,” “would,” “will be,” “will continue,” “will likely result,”
and similar expressions. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. Many factors could
cause actual future events to differ materially from the
forward-looking statements in this press release, including but not
limited to: (1) the implementation of and expected benefits from
our business realignment plan and cost-saving initiatives; (2)
realizing the benefits expected from the business combination (the
“Business Combination”) with Ajax I; (3) achieving the expected
revenue growth and effectively managing growth; (4) executing
Cazoo’s growth strategy in the UK and Europe; (5) achieving and
maintaining profitability in the future; (6) global inflation and
cost increases for labor, fuel, materials and services; (7)
geopolitical and macroeconomic conditions and their impact on
prices for goods and services and on consumer discretionary
spending; (8) having access to suitable and sufficient vehicle
inventory for resale to customers and reconditioning and selling
inventory expeditiously and efficiently; (9) availability of credit
for vehicle financing and the affordability of interest rates; (10)
increasing Cazoo’s service offerings and price optimization; (11)
effectively promoting Cazoo’s brand and increasing brand awareness;
(12) expanding Cazoo’s product offerings and introducing additional
products and services; (13) enhancing future operating and
financial results; (14) acquiring and integrating other companies;
(15) acquiring and protecting intellectual property; (16)
attracting, training and retaining key personnel; (17) complying
with laws and regulations applicable to Cazoo’s business; (18)
successfully deploying the proceeds from the Business Combination
and the issuance of $630 million of convertible notes to an
investor group led by Viking Global Investors; and (19) other risks
and uncertainties set forth in the sections entitled “Risk Factors”
and “Forward-Looking Statements” in the Report on Form 6-K filed
with the U.S. Securities and Exchange Commission (the “SEC”) by
Cazoo Group Ltd on June 9, 2022. The foregoing list of factors is
not exhaustive. You should carefully consider the foregoing factors
and the disclosure included in other documents filed by Cazoo from
time to time with the SEC. These filings identify and address other
important risks and uncertainties that could cause actual events
and results to differ materially from those contained in the
forward-looking statements. Forward-looking statements speak only
as of the date they are made. Readers are cautioned not to put
undue reliance on forward-looking statements, and Cazoo assumes no
obligation and does not intend to update or revise these
forward-looking statements, whether as a result of new information,
future events, or otherwise. Cazoo gives no assurance that it will
achieve its expectations.
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version on businesswire.com: https://www.businesswire.com/news/home/20220718005227/en/
Investor Relations: Cazoo: Robert Berg, Director of
Investor Relations and Corporate Finance, investors@cazoo.co.uk
ICR: cazoo@icrinc.com
Media: Cazoo: Lawrence Hall, Group Communications
Director, lawrence.hall@cazoo.co.uk Brunswick: Chris
Blundell/Simone Selzer +44 20 7404 5959 /
cazoo@brunswickgroup.com
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