Pendragon PLC Updates Earnings Guidance for the First Half of Fiscal Year 2021 and Full Fiscal Year 2021
June 30, 2021 at 07:00 am
Pendragon PLC updated earnings guidance for the first half of fiscal year 2021 and full fiscal year 2021. The Group executed well during this period, and as a result of particularly strong conditions in May and June, expects to report Group underlying profit before tax of £30 million for the first half of fiscal year 2021.
However, the Group now has more visibility on the outlook than at the height of the pandemic and is therefore in a position to reinstate guidance. Accordingly, Group underlying profit before tax for fiscal year 2021, is now expected to be in a range of approximately £45 million to £50 million.