Cambria has announced a trading update for the three months ended 30 November 2020, with performance heavily impacted by the month-long nationwide lockdown that commenced on 5 November. Sales were down across new (-12.9%) and used (-25.9%) vehicle sales, with aftersales revenue 9.6% lower YOY. Volume declines are in part being offset by ongoing significant improvement in used gross profit margins, driven by used car supply constraints. Whilst the resolution of Brexit with a deal that secures ta ....
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Cambria Automobiles Plc (CAMB LN) - AGM Trading Update
- Published:
07 Jan 2021 -
Author:
Rachel Birkett, CFA -
Pages:
3
Cambria has announced a trading update for the three months ended 30 November 2020, with performance heavily impacted by the month-long nationwide lockdown that commenced on 5 November. Sales were down across new (-12.9%) and used (-25.9%) vehicle sales, with aftersales revenue 9.6% lower YOY. Volume declines are in part being offset by ongoing significant improvement in used gross profit margins, driven by used car supply constraints. Whilst the resolution of Brexit with a deal that secures ta ....