Cambria has announced a pre-closed trading update for the 5 months to 31 January 2021. Encouragingly, trading performance for the period is ahead YOY (H1 FY20A PBT of £6.3m) albeit we acknowledge this has been largely driven by management actions on costs and government stimulus. While volumes have been impacted by the current lockdown, in line with wider market trends, gross profit per unit dynamics continue to be positive aided by Cambria’s premium mix. Our forecasts remain suspended for now, ....
03 Mar 2021
Cambria Automobiles Plc (CAMB LN) - Pre-close Trading Update
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Cambria Automobiles Plc (CAMB LN) - Pre-close Trading Update
- Published:
03 Mar 2021 -
Author:
Rachel Birkett, CFA -
Pages:
3
Cambria has announced a pre-closed trading update for the 5 months to 31 January 2021. Encouragingly, trading performance for the period is ahead YOY (H1 FY20A PBT of £6.3m) albeit we acknowledge this has been largely driven by management actions on costs and government stimulus. While volumes have been impacted by the current lockdown, in line with wider market trends, gross profit per unit dynamics continue to be positive aided by Cambria’s premium mix. Our forecasts remain suspended for now, ....