Cambria indicated recently that it had a pipeline of potential acquisitions under review and today it has announced its third Land Rover dealership. It also announces a Jaguar disposal, with a related Aston Martin closure – which is small and likely to be followed by a more substantial franchise addition. This is in line with its stated strategy, enriches EBIT margins and is significantly enhancing earnings. Forecasts have been upgraded by 11% this year (part year effect) and 19% in FY’17/FY’18. ....
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Acquisition of 3rd Land Rover Franchise
- Published:
11 Jan 2016 -
Author:
Matthew McEachran -
Pages:
6
Cambria indicated recently that it had a pipeline of potential acquisitions under review and today it has announced its third Land Rover dealership. It also announces a Jaguar disposal, with a related Aston Martin closure – which is small and likely to be followed by a more substantial franchise addition. This is in line with its stated strategy, enriches EBIT margins and is significantly enhancing earnings. Forecasts have been upgraded by 11% this year (part year effect) and 19% in FY’17/FY’18. ....