Although financial guidance and forecasts were withdrawn in March, trading in the 11 months to 31 July was better than anticipated. This reflects strong execution by the Cambria team, and some pent-up market demand post lockdown. Results in June/July were well ahead of the previous year and management’s expectations as a result. Based on market anecdotes from other dealer groups, we suggest August was probably a profitable month too. Alongside cost savings, this suggests a better FY20 p
02 Sep 2020
Cautious, but well prepared for challenges. FY20 better than feared.
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Cautious, but well prepared for challenges. FY20 better than feared.
- Published:
02 Sep 2020 -
Author:
Matthew McEachran -
Pages:
4
Although financial guidance and forecasts were withdrawn in March, trading in the 11 months to 31 July was better than anticipated. This reflects strong execution by the Cambria team, and some pent-up market demand post lockdown. Results in June/July were well ahead of the previous year and management’s expectations as a result. Based on market anecdotes from other dealer groups, we suggest August was probably a profitable month too. Alongside cost savings, this suggests a better FY20 p