Given the various data points and anecdotes year to date, we were hopeful of a strong start to the year at Lookers. Today’s Q1 update confirms trading performance is substantially ahead YoY with an excellent organic performance and a significant contribution from the acquired Benfield business. This includes VAG brands where recall activity is scheduled to drive Aftersales income later in the year and its Used division where volume growth and PPU metrics are on trending up, helped by the recent ....
17 May 2016
Strong trading in all divisions and cashflow running ahead of budget
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Strong trading in all divisions and cashflow running ahead of budget
- Published:
17 May 2016 -
Author:
Matthew McEachran -
Pages:
4
Given the various data points and anecdotes year to date, we were hopeful of a strong start to the year at Lookers. Today’s Q1 update confirms trading performance is substantially ahead YoY with an excellent organic performance and a significant contribution from the acquired Benfield business. This includes VAG brands where recall activity is scheduled to drive Aftersales income later in the year and its Used division where volume growth and PPU metrics are on trending up, helped by the recent ....