PBT for the year increased by 11%, and was a smidge above consensus (smidge below N+1E). Performance was strong across all operating divisions with momentum building as planned in Used and Fleet. Strong Fleet growth (+30%) created more of a w/c headwind than forecast though, resulting in ND £30m higher than expected. Part of this will be clawed back and Battersea will generate £18m next month but ND forecasts will still worsen by c£10m today. Lookers has enjoyed a positive start to the year incl ....
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Another year of progress, forecasts well underpinned
- Published:
09 Mar 2016 -
Author:
Matthew McEachran -
Pages:
4
PBT for the year increased by 11%, and was a smidge above consensus (smidge below N+1E). Performance was strong across all operating divisions with momentum building as planned in Used and Fleet. Strong Fleet growth (+30%) created more of a w/c headwind than forecast though, resulting in ND £30m higher than expected. Part of this will be clawed back and Battersea will generate £18m next month but ND forecasts will still worsen by c£10m today. Lookers has enjoyed a positive start to the year incl ....