Ferrari and Bentley performance drives better-than-expected results for H.R.Owen

Car dealer H.R.Owen expects to exceed market expectations for its 2012 results, following a strong performance from top sports cars.

Car dealer H.R.Owen expects to exceed market expectations for its 2012 results, following a strong performance from top sports cars.

The company, which specialises in prestige car sales and luxury vehicles, published a trading update for the year ending December 31st highlighting the role of a number of well-known car brands.

A strong performance seen by both Ferrari and Lamborghini in the first half of 2012 was followed by a robust second half performance, the group stated.

This was complemented by a particularly good close to the year from the group's Rolls-Royce and Bentley franchises.

Impact of new model delivery profileGoing forward, the company stated that it anticipated a new model delivery profile across H.R.Owen's range of brands would lead to a less pronounced first half, with the second half contributing a higher proportion of the full year result than has historically been seen.

MF

Recommended

The top funds to invest in
Funds

The top funds to invest in

As market volatility and recessionary fears continue, here are the most popular funds, stocks and trusts investors are putting their money into accord…
2 Feb 2023
The ten highest dividend yields in the FTSE 100
Income investing

The ten highest dividend yields in the FTSE 100

Rupert Hargreaves takes a look at the companies with the highest dividend yields in the UK’s blue-chip index
23 Jan 2023
The top ten dividend stocks in the FTSE 250
Share tips

The top ten dividend stocks in the FTSE 250

The average FTSE 250 dividend yield is around 4%, but many stocks yield much more. Rupert Hargreaves picks the best FTSE 250 stocks for income investo…
17 Jan 2023
Investing trends to watch out for in 2023: what analysts say
Investment strategy

Investing trends to watch out for in 2023: what analysts say

What are sensible strategies for high inflationary times? We ask analysts to find out.
22 Dec 2022

Most Popular

Best savings accounts – February 2023
Savings

Best savings accounts – February 2023

Interest rates on cash savings are making a comeback. We look at the best savings accounts on the market now
3 Feb 2023
When will interest rates go up?
UK Economy

When will interest rates go up?

Interest rates are now at 4%, and they could rise further in the months ahead.
3 Feb 2023
NS&I brings back one-year fixed bonds with highest rates since 2010
Personal finance

NS&I brings back one-year fixed bonds with highest rates since 2010

NS&I’s one-year fixed bonds are back on sale after being pulled off the market in 2019 - but is the rate any good?
1 Feb 2023