15th Jan 2007 07:00
Lookers PLC15 January 2007 15 January 2007 LOOKERS plc TRADING UPDATE Following the full year profit forecast made in April 2006 and on entering itsclose period following the end of the financial year to 31 December 2006, theBoard of Lookers is pleased to release the following trading update. At the time of the announcement of the Interim Results on 4 September 2006, theGroup stated that it was making good progress in meeting its expectations forthe year. Since that time, Lookers has continued to make excellent progress,particularly in its franchised and parts distribution businesses. As a result,the Board can report that its performance has been ahead of the profit forecastmade in April 2006. This success reflects the continued implementation ofLookers' stated strategy including the development of complementary businessstreams, close relationships with manufacturer partners and a de-centralisedmanagement structure. The 10 dealerships acquired from HR Owen on 31 August 2006 have beensuccessfully integrated into the Lookers operating model and are performing inline with our plans. The new FPS parts distribution facility in Sheffield hasbeen completed on time and within budget and is now fully operational. The Group will be announcing its Preliminary Results for the year to 31 December2006 on 12 March 2007. Enquiries: Lookers Telephone: 0161 291 0043Ken Surgenor, Chief ExecutiveDavid Dyson, Finance Director Hudson Sandler Telephone: 020 7796 4133Andrew Hayes / Nick LyonKate Hough This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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