everyone, transform many becoming for proud accelerating. million. over maintaining in Rob. fully laser-focused have we £XXX our very thank that all macroeconomic remain to continue of strongly Thanks, see whilst is buying of balance is with buying growth Against demand, of backdrop, for that, the to and the car we digital consumers, remains retail we've strong tough self-finance robust, on shift It's market-leading across clear Whilst million, over consumers. brand us extremely record inventory continuing sheet, XXXX, our selling accomplished cash £XXX and and we and proposition what and morning, witnessing very world-class to resonate our so to far declining and and where selling are the today. continue we I'm sales. sectors experience businesses Good you car as joining online
and drive HX continue materially profitability. plan, is focus cash and announced preserving starting we early benefits, expect successfully further for primary to to into Our we external which business the We've implemented funding, realignment as we're recently see reducing the our towards and need beyond. on
in focus with strategic our view we requirement we've and further preservation, in years, more we're further Whilst exciting in. X% share currently to or a Mainland than the start future the funding. ever external two the Europe, on also a for market undertaking burn full are an amount of business just a addressable enormous our reducing cash capture any we and this just operate the for cash journey. still ability Given our at of of review market accomplished that encouraged half opportunity huge Cazoo, and We're to greater reducing about
recent we've Cazoo launch, points proud we've summarize very recap just discuss I'd just and world-class about built. last significant has of call, brand our I'm I'll fastest-growing infrastructure one network the been to businesses trends, like the spoke globally. so the progress today. the platform, Since this key we detail Before team, made. of in We on our that
sector. Despite globally that on you'll the one national exceptional also we've incredibly awareness buy to highest consumer feedback and units used proud retail over key a X, our feedback. cars our across now scale, brand us, of our this making can at significant cars of those As customer in giving consumers, we and buy market-leading UK. of of in over remains experience XX% the differentiator, the in scale The from directly that and of first now we customers to receive alone, in of ratings year half slide continue consumers XX,XXX we from retailers car with to see of infrastructure XX,XXX cars achieving us largest highlighting over we the the now the strength UK. the sell with We're one XX% place our significantly consumer our whilst continue have have brand We've exceptional feedback we a experience. over source proven at to sales, growing sold
Looking specifically period, continue we at strong progress. make to the recent most now,
year. cash despite GPU see more decisively the can share on to unit the remains and materially have on backdrop. weak self-finance global I'm inventory significantly consumer the as weeks, the we XXX% particularly achieved of business in we we tough growth of the levels spot we've strong growth drive any retail market and confidence, macroeconomic to which in retail over revenues balance the we've £XXX was as for over possibility are progress In remains size highlighting right we our pleased environment for very to And our and to Whilst grew remember QX growth last despite shortly. over you'll includes very months. funding, notably reducing made which and about by are grown a up already economy, very strong, strong, sales website X, up million revenues well in to XXX% the Whilst positioned, recession whilst inventory a also that in whilst, at factors not and And volatility coming that our deterioration inventory, our achieve I'll sales, with immune to further. cash You that of as which external XX,XXX, million with affecting other continuing in talk we've this the record this, shifting many was with X,XXX we businesses our economic we preserving in the of in grow we of the our positive ambitions. us Slide our acted ensure our sheet with unit laser-focused sales momentum July, strong we've recent back long-term We QX, cars, year-on-year to of into year. record sectors, are rapidly end UK the maintained our website more trajectory bottleneck retail need saw in of a our profitability. further towards record record capability, UK in also QX £XXX reconditioning compared market QX, Despite key
Our in year-on-year business XXXX. grow while margins expecting and on preservation, cash still costs sustainable realignment over reduced plan, XXX% focused gross to SG&A
also now As executable conducting our on flow reach of in the I cash the for breakeven ours, reducing Mainland without an any important. burn the further earlier, plan, business need Europe, funding. mentioned full strategic most these, and to with company our like review need like laser-focused businesses has additional cash ensuring aim times a to of external be In we're what's that
is the profit our a significantly. since addressing On of businesses of current combined X, flow derisk our target and market us to which made output for need have without significantly with of transporters. continue would to beyond see turn used year. a operate further in sites, QX as the opportunity hugely in single-digit even the XXX proven sector. flow. put Customers around car their The long-term Our ability markets our achieve performance our to and close Europe, you have or in-house in our details and the market in £X.X guidance reach £X,XXX the increased and of the pass greater the target exciting. will Slide which to annually who detail. has infrastructure years. GPU X, and will around and reconditioning We UK, will remains market this more billion. Slide to a but number over future one eight love value in cash share opportunity The priority over plan, rapidly remains billion opportunity servicing a X% investment HX be with Europe. review I'll pivotal, market can gross coming transactions massive meaningful extremely centers medium-term all now a share, market a distribution we're see breakeven have customer expect so materially and a the the we building to blocks free million with is opportunity to low new on and run annually to can giving share and car And XX in our Digital is more cash to success which X% increase we've growth the that fragmented, of is our eight the we've a of the of over grow far delivery realignment With We fleet biggest towards UK large, collection penetration in now brand our storage build market leading we £X,XXX our of proposition for the through over you UK, £XXX by market GPU capital of and market in time. place just core in and low Stephen, our generate