CAMB performed with resilience against a tough backdrop in H1, continuing its track record. This reflects its improving brand mix, agile operating model and cost actions taken in response to the pandemic and weakening economy. With minimal net debt (vs £40m RCF), and underpinned by £81m (81p) property assets, Cambria retains financial flexibility/ liquidity to overcome what is hopefully the last lock-down hurdle with showrooms closed for the key plate change month. Property adjusted analysis sug ....
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Resilient H1 ahead of upcoming lock-down hurdle
- Published:
03 Mar 2021 - Author:
-
Pages:
3
CAMB performed with resilience against a tough backdrop in H1, continuing its track record. This reflects its improving brand mix, agile operating model and cost actions taken in response to the pandemic and weakening economy. With minimal net debt (vs £40m RCF), and underpinned by £81m (81p) property assets, Cambria retains financial flexibility/ liquidity to overcome what is hopefully the last lock-down hurdle with showrooms closed for the key plate change month. Property adjusted analysis sug ....