Luxury car dealer HR Owen has today told the stock market it expects its 2012 results to be ahead of market expectations.
Its board reported an "encouraging" end to 2012, with strong performance from Ferrari, Lamborghini, Bentley and Rolls-Royce.#
As a result it expects its 2012 results to be ahead of market expectations when they are reported in March.
"With respect to 2013 the anticipated new model delivery profile across our
range of brands will 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.
"The implementation of our strategy for growth is progressing well
and we look forward to the roll out of further business opportunities during
the coming year," it said.
Joe Doyle, HR Owen's third CEO in as many years, is interviewed in the January issue of AM, out this Friday.
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.
Anonymous - 22/01/2013 15:26
Another year of massaged figures someone should look closer if it was a bank the heads of business would be in prison.