FY17 results came in 5% better than we forecast at the EPS line and £6m better in terms of net cash. Used and Aftersales were 71% of gross profit; New represented 29% where, as already assumed, management remains cautious. Given trading so far in FY18 is meeting expectations, attention can return to the size of the opportunity being targeted over the next 2-3 years through significant site investment, and the timing of upcoming launches. These now include 2 exciting new wins in McLaren and Bentl ....
22 Nov 2017
N+1 Singer - Cambria Automobiles - Another year of progress + exciting new brand wins
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N+1 Singer - Cambria Automobiles - Another year of progress + exciting new brand wins
- Published:
22 Nov 2017 -
Author:
Matthew McEachran -
Pages:
6
FY17 results came in 5% better than we forecast at the EPS line and £6m better in terms of net cash. Used and Aftersales were 71% of gross profit; New represented 29% where, as already assumed, management remains cautious. Given trading so far in FY18 is meeting expectations, attention can return to the size of the opportunity being targeted over the next 2-3 years through significant site investment, and the timing of upcoming launches. These now include 2 exciting new wins in McLaren and Bentl ....