Cambria has delivered further strong growth in H2, ahead of expectations. Of note is the Used cars performance where volume growth has been combined with increased gross profit per unit metrics. Service hours in Aftersales have also performed well. The net effect of this is a 3% upgrade to FY15 EPS forecasts. However, we continue to highlight upside risk, especially next year, given a number of key factors. This includes a relative bias to Jaguar, where recent SMMT registration data confirms a m ....
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Strong progress in all divisions drives upgrades
- Published:
08 Sep 2015 -
Author:
Matthew McEachran -
Pages:
6
Cambria has delivered further strong growth in H2, ahead of expectations. Of note is the Used cars performance where volume growth has been combined with increased gross profit per unit metrics. Service hours in Aftersales have also performed well. The net effect of this is a 3% upgrade to FY15 EPS forecasts. However, we continue to highlight upside risk, especially next year, given a number of key factors. This includes a relative bias to Jaguar, where recent SMMT registration data confirms a m ....