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.

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.

Start your trial of MoneyWeek today

Get unparalleled financial insight, analysis and expert opinion you can profit from.

Start your trial

Sign up for MoneyWeek’s free twice-daily newsletter.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Join more than 165,000 subscribers and keep yourself informed with latest financial news, insights and expert analysis to help you understand what really matters when it comes to your finances.

Sign up

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