11th Mar 2013 07:00
11 March 2013
Cambria Automobiles plc
("the Group")
Trading update and notice of interim results for the period ending 28 February 2013
Cambria Automobiles, the UK motor dealer Group will announce its interim results for the 2012/13 half year to 28 February on 29 April 2013.
The Board is pleased to announce that the trading performance achieved in the first half of our current financial year has been considerably stronger than that reported in the corresponding period of 2011/12, reflecting a stronger domestic new car market, up 8.8% on the prior year period. We are pleased to report that our new car unit sales have outperformed the market, up 13.4%, across our strong portfolio of premium and volume brands. We are successfully maintaining the momentum achieved in the second half. After sales has seen strong growth in profitability, ahead 15% year on year.
The Group continues to pursue its buy and build strategy, successfully completing the acquisition of County Motor Works Vauxhall, Alfa Romeo and Chrysler Jeep on 31 January 2013. The Integration of this business is progressing well and in line with our acquisition strategy.
Following this trading performance, the Directors expect the results to be in line with market expectations and view the outlook for the remainder of the financial year with confidence.
For further information please contact:
Cambria Automobiles plc Mark Lavery, Chief Executive James Mullins, Finance Director
| 01707 280851 |
Canaccord Genuity Limited Bruce Garrow / Joe Weaving
| 020 7523 8350 |
Kreab Gavin Anderson Robert Speed | 020 7074 1800 |
Related Shares:
CAMB.L