Cambria has delivered a resilient set of FY results in very turbulent times for the automotive industry at present. Underlying EBIT was within 4% of last year (or 7% if IFRS 16 impact is stripped out) mainly driven by strong cost control and Government support. Cash generation and the balance sheet remains robust, and we continue to see Cambria as a strong survivor, albeit with more turbulent times ahead as we head into 2021 and beyond.
25 Nov 2020
Cambria Automobiles Plc (CAMB LN) - Resilience in turbulent times
Cambria Automobiles Plc (CAMB:LON) | 57.5 -0.6 (-1.8%) | Mkt Cap: 57.5m
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Mike Allen | Rachel Birkett CFA
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9 pages
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Cambria Automobiles Plc (CAMB LN) - Resilience in turbulent times
Cambria Automobiles Plc (CAMB:LON) | 57.5 -0.6 (-1.8%) | Mkt Cap: 57.5m
- Published:
25 Nov 2020 -
Author:
Mike Allen | Rachel Birkett CFA -
Pages:
9 -
Cambria has delivered a resilient set of FY results in very turbulent times for the automotive industry at present. Underlying EBIT was within 4% of last year (or 7% if IFRS 16 impact is stripped out) mainly driven by strong cost control and Government support. Cash generation and the balance sheet remains robust, and we continue to see Cambria as a strong survivor, albeit with more turbulent times ahead as we head into 2021 and beyond.