4 February 2021 - trading update

An upbeat trading update has been released by the AIM-listed automotive retailer.  It expects adjusted profit before tax for the year to 28 February 2021 will exceed current market forecasts of around £18m.  In early December the company revealed that trading performance in the nine months ended 30 November was ahead of the prior year and original budget levels.  Trading performance in December and January continued the positive trend.  The previously announced cost reduction programme and continued business rates holiday on showrooms have helped.  February trading continues to be impacted by . . .

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