Luxury car dealer HR Owen has reported that the momentum it generated during the first half of 2012 has continued into Q3.
In an update to the London Stock Exchange this morning, it said the company is trading ahead of management's expectations.
"Accordingly, the board expects that the full year profit at the trading level
will be ahead of current market expectations. We continue to enjoy a strong
balance sheet with positive cash balances ahead of budget," it added.
The past two years have seen significant efforts to stabilise HR Owen, with chairman Jon Walden bringing fresh talent to its board including chief executive Joe Doyle, formerly of HPI and Audatex.
An award-winning journalist and editor, with two decades of experience covering the motor retail industry, and accredited by the Institute of Leadership and Management (ILM) plus the National Council for the Training of Journalist (NCTJ)
As editor of AM since 2016, Tim is responsible for its media content, planning and production across AM's multiple channels, including the website, digital reports, webinars, social media and the editorial content of AM's events, Automotive Management Live and the AM Awards. His focus is on interviewing senior leaders of franchised dealer groups and motor manufacturer national sales companies to examine latest developments in UK motor retail.
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