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Trading Update

16th Jan 2014 07:00

RNS Number : 7732X
Cambria Automobiles Plc
16 January 2014
 



 

16 January 2014

 

Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB

 

Trading Update

 

Prior to the Annual General Meeting being held today at 10.00 hours, the Board of Cambria Automobiles plc ("Cambria" or the "Group") is pleased to announce the following trading update:

 

Cambria is successfully maintaining the momentum achieved in the second half of the last financial year and the Group's trading performance in the first four months of the current financial year has been substantially ahead of the corresponding period of 2012/13. This performance has been achieved in a strong domestic new car market, in which registrations were up 11.4% on the same period in the prior year.

 

Overall, new vehicle unit sales increased by 21.9%, up 12% on a like-for-like basis and in line with the market. The Board anticipates that new car volumes will remain robust in 2014. Used vehicle sales also performed well with unit sales 9.5% ahead of the same period last year (up 2.9% on a like-for-like basis) with margins remaining strong. The growth in the Group's aftersales operations is continuing with profitability currently up 4.5% year-on-year.

 

The Board expects the interim results for the six months to 28 February 2014 to be significantly ahead of the prior year and views the outlook for the remainder of the financial year with confidence.

 

Enquiries:

 

Cambria Automobiles

Mark Lavery, Chief Executive

James Mullins, Finance Director

01707 280 851

 

N+1 Singer - NOMAD & Joint Broker

020 7496 3000

Jonny Franklin-Adams / Nick Owen

Panmure Gordon - Joint Broker

JoanneLake / Peter Steel

0113 357 1150

Adam Pollock

020 7886 2500

Tavistock Communications

Catriona Valentine / Keeley Clarke / Emma Blinkhorn

020 7920 3150

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
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