08 Oct 2021
Pendragon plc (PDG LN) - Raising guidance again
Pendragon released a trading update yesterday stating that it increased its guidance for FY21 underlying PBT to £70m, up from £55-60m last month. The Group attributes this to the continued momentum in the used car market as we have seen across the sector and is also backed up looking at the latest September data from CAP HPI. As a result of this update, we have increased our FY21 underlying PBT forecast by 25% to £70.2m. We have not upgraded our forecasts in the outer years yet and are mindful o ....
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Pendragon plc (PDG LN) - Raising guidance again
Pinewood Technologies Group PLC (PINE:LON) | 38.4 0 0.0% | Mkt Cap: 669.5m
- Published:
08 Oct 2021 -
Author:
Rachel Birkett, CFA -
Pages:
7
Pendragon released a trading update yesterday stating that it increased its guidance for FY21 underlying PBT to £70m, up from £55-60m last month. The Group attributes this to the continued momentum in the used car market as we have seen across the sector and is also backed up looking at the latest September data from CAP HPI. As a result of this update, we have increased our FY21 underlying PBT forecast by 25% to £70.2m. We have not upgraded our forecasts in the outer years yet and are mindful o ....