01 Dec 2021
Pendragon plc (PDG LN) - Depressed rating on further upgrades
Pendragon has released a trading update today increasing its guidance for FY21 underlying PBT from £70m to approximately £80m. The Group attributes this lower than expected shortfall in the supply of new vehicles in the first two months of Q4 2021. Performance has also been supported by a strong GPPU because of a higher mix of premium vehicles sold. We have increased our FY21 forecasts of underlying PBT by 14.1% to £80.2m. We leave our FY22 and FY23 forecasts unchanged at this stage. Whilst we t ....
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Pendragon plc (PDG LN) - Depressed rating on further upgrades
Pinewood Technologies Group PLC (PINE:LON) | 39.0 0 0.0% | Mkt Cap: 679.1m
- Published:
01 Dec 2021 -
Author:
Rachel Birkett, CFA -
Pages:
7
Pendragon has released a trading update today increasing its guidance for FY21 underlying PBT from £70m to approximately £80m. The Group attributes this lower than expected shortfall in the supply of new vehicles in the first two months of Q4 2021. Performance has also been supported by a strong GPPU because of a higher mix of premium vehicles sold. We have increased our FY21 forecasts of underlying PBT by 14.1% to £80.2m. We leave our FY22 and FY23 forecasts unchanged at this stage. Whilst we t ....