5th Jun 2015 06:39
LONDON (Alliance News) - Halfords Group PLC Friday reported growth in profit in its recently-ended financial year as sales performed strongly in both its Retail and Autocentres divisions.
The FTSE 250-listed car parts and bicycle retailer reported a pretax profit in the 53 weeks to April 3 of GBP83.8 million and GBP80.8 million in the 52 weeks to March 27, up from the GBP72.6 million reported in the 52-week period the prior year, as revenue rose to GBP1 billion from GBP939.7 million. Like-for-like sales grew 6.8%.
Revenue grew in both its Retail and Autocentres divisions, Halfords said, with sales up 6.8% and 7.6%, respectively, reflecting improvements made in the range of products and brands available, customer-centric offers, colleague engagement and training.
Halfords will pay a dividend of 16.5 pence, up 15.4% from the 14.3p paid the year before.
"We are delighted to have exceeded GBP1 billion of group revenue, a year ahead of plan, and are building a sustainable platform for future growth. At the very core of our strategy is customer service and investment in our colleagues, our proposition and our infrastructure. In Retail, colleagues progressed well through their Gear 2 training, customer satisfaction scores rose, we have more refreshed stores and launched Cycle Republic and we strengthened our authority in our core categories. Autocentres has a clear strategy under new leadership, but whilst it has delivered an improved sales performance, there is room for improvement," Chairman Dennis Millard said in a statement.
"There still remains much to do in both Retail and Autocentres and 2016 will be a particularly busy year of activity and investment as we continue to focus on driving the top-line and rolling out our Getting Into Gear strategy," Millard added.
By Karolina Kaminska; [email protected] @KarolinaAllNews
Copyright 2015 Alliance News Limited. All Rights Reserved.
Related Shares:
Halfords