Pendragon has delivered a strong Q1 performance with underlying PBT of £10.8m vs. a loss of £2.3m last year. Profit improvements are being driven by market outperformance, stronger margins, and good cost control. We believe the risk/reward profile remains positive from here.
21 Apr 2021
Pendragon plc (PDG LN) - Further progress
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Pendragon plc (PDG LN) - Further progress
Pinewood Technologies Group PLC (PINE:LON) | 318 11.8 1.2% | Mkt Cap: 277.3m
- Published:
21 Apr 2021 -
Author:
Rachel Birkett, CFA -
Pages:
3
Pendragon has delivered a strong Q1 performance with underlying PBT of £10.8m vs. a loss of £2.3m last year. Profit improvements are being driven by market outperformance, stronger margins, and good cost control. We believe the risk/reward profile remains positive from here.