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Cambria Automobiles aftersales improve despite challenging macro environment

Wed, 06th Mar 2019 08:09

(Sharecast News) - Car dealership chain Cambria Automobiles has seen trading in the first five months of the year improve on 2018, both on a total and like-for-like basis.Despite the new car market being heavily impacted by a number of factors during the period, Cambria managed to chalk up a win at its aftersales operations, which delivered a "good performance" and a 9.7% increase in revenues.Revenues increased 6.67% and gross profits were up 4.3% year-on-year.Cambria's used vehicles wing continued to perform well, despite an 11.2% drop in sales, as the reduction was offset by a continued improvement in gross profit per unit.New vehicles sales crashed 23.2% although Cambria noted the prior year comparative did include a low-margin commercial vehicle deal which had not been repeated.Looking forward, whilst challenges remain given the ongoing uncertainty around Brexit and the terms of the UK's departure from the EU, Cambria's ongoing franchising and property development activities enhanced the group's "excellent dealership portfolio mix"."These new businesses are still in their infancy, though as they mature, their potential is exciting," said Cambria.The AIM-listed outfit expects to report its interim results for the six months ended 28 February on 9 May.As of 1020 GMT, Cambria shares were down 3.85% to 62.50p.
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22 Nov 2016 12:06

Cambria warns on sterling volatility as it posts gains in FY profit, dividend

(ShareCast News) - Shares in franchised motor retailer Cambria are down almost 9% as it warned on sterling's volatility after posting double-digit gains in full-year revenue, pre-tax profit and dividend. Chief executive Mark Lavery described the latest results as strong, but added it was too early t

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5 Sep 2016 11:55

Cambria Automobiles reports strong second half trading

(ShareCast News) - Trading at Cambia Automobiles during the first 11 months of the financial year was substantially ahead last year´s tally. In a pre-close trading update for the year to 31 August, the motor dealer said new vehicle sales volumes were up 11%, compared to the same period last year, as

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11 Jul 2016 15:43

DIRECTOR DEALINGS: Cambria Automobiles Chairman Buys Shares

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6 Jul 2016 07:46

Cambria Automobiles Buys Jaguar Land Rover Franchise From Pendragon

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14 Jun 2016 16:36

DIRECTOR DEALINGS: Cambria Automobiles Chairman Swatman Buys Shares

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10 May 2016 07:54

Cambria Automobiles Set To Beat Market View After Strong First Half

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7 Mar 2016 08:33

Cambria Automobiles Trades "Substantially Ahead" As March Starts Well

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14 Jan 2016 08:45

Cambria Automobiles Sales Ahead With Used Cars Outperforming New

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11 Jan 2016 08:11

Cambria Automobiles Buys Land Rover Franchise, Sells Jaguar Site

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7 Jan 2016 16:06

AGM, EGM Calendar - Week Ahead

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24 Nov 2015 09:48

Cambria Automobiles Raises Payout As Revenue Passes GBP500 Million

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23 Nov 2015 16:14

Earnings, Trading Statements Calendar - Week Ahead

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8 Sep 2015 07:17

Cambria Automobiles To Beat Market View After Strong Sales Growth

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