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.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
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
-
UK-US trade deal announced: US cuts tariffs on UK car imports to 10%Keir Starmer and Donald Trump have announced a UK-US trade deal, but the US president has refused to lift baseline tariffs on most UK goods. What does it mean for the UK?
-
How to use mid-caps to diversify from the USMedium sized companies are overlooked by investors but could offer an attractive ‘sweet spot’. We consider the case for mid-caps amid market volatility.
