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.
Mark Lavery, Chief Executive
James Mullins, Finance Director
01707 280 851
Jonny Franklin-Adams / Nick Owen
Panmure Gordon - Joint Broker
JoanneLake / Peter Steel 0113 357 1150
Adam Pollock 020 7886 2500
Catriona Valentine / Keeley Clarke / Emma Blinkhorn
020 7920 3150
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