16 January 2014 – trading update
The company has released a trading update covering the first four months of its current financial year. New vehicle unit sales increased by 21.9% and were up 12% on a like-for-like basis. This is in line with the market and Cambria expects ‘robust’ volumes in 2014. Used vehicle unit sales were up 9.5% on the same period last year and up 2.9% on a like-for-like basis. Aftersales operations have delivered improved profitability, currently up 4.5% year-on-year. The company expects interim results for the six months ending 28 February 2014 to be significantly ahead of the prior year and ‘views the outlook for the remainder of the financial year with confidence’. Nevertheless, the share price has had an extremely good run and those who have not already done so should TAKE PROFITS.