MMH has released an unscheduled trading update that confirms a record expected performance for 2021. As a result, we are upgrading our 2021E EPS forecasts by 20.0%. This performance has been driven by strong market outperformance particularly in the used car arena, where we continue to see unprecedented used vehicle value appreciation. We remain mindful of the rising levels of uncertainty likely to impact H2 2021 driven by new vehicle supply issues. However, we remain confident that MMH is well ....
25 Jun 2021
Marshall Motor Holdings Plc (MMH LN) - Another 20% upgrade, record results expected
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Marshall Motor Holdings Plc (MMH LN) - Another 20% upgrade, record results expected
- Published:
25 Jun 2021 -
Author:
Rachel Birkett, CFA -
Pages:
7
MMH has released an unscheduled trading update that confirms a record expected performance for 2021. As a result, we are upgrading our 2021E EPS forecasts by 20.0%. This performance has been driven by strong market outperformance particularly in the used car arena, where we continue to see unprecedented used vehicle value appreciation. We remain mindful of the rising levels of uncertainty likely to impact H2 2021 driven by new vehicle supply issues. However, we remain confident that MMH is well ....