Whilst the trading update highlighted tough industry conditions in Q118, we have not changed our Pendragon forecasts as we expect a more even H1;H2 split this year as comparables ease into the second half. The strategy to build its used car business and software platform is progressing to plan. This will be funded through strategic disposals and lower capital commitments to the new car market, including the potential sale of the group’s US Motor Group which would contribute to a planned
03 May 2018
Trading update review
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Trading update review
Pinewood Technologies Group PLC (PINE:LON) | 39.0 0 0.0% | Mkt Cap: 679.1m
- Published:
03 May 2018 -
Author:
Ben Thefaut -
Pages:
4
Whilst the trading update highlighted tough industry conditions in Q118, we have not changed our Pendragon forecasts as we expect a more even H1;H2 split this year as comparables ease into the second half. The strategy to build its used car business and software platform is progressing to plan. This will be funded through strategic disposals and lower capital commitments to the new car market, including the potential sale of the group’s US Motor Group which would contribute to a planned