Cambria Automobiles plc has provided a Trading Update for the year to 31 August 2016, signalling an unspecified profit growth, and confirming the appointment of a new Managing Director of its motor division.
The group recorded new vehicle unit sales up 3.8% on a like for like basis, and an unspecified increase on its gross profit per retail unit on the same period in 2014/15. The business’s used vehicle sales were up 2.6% on a like-for-like basis, while its aftersales operations remained at 2015 levels when recorded on a like-for-like basis.
The board prepaired the market for the September trading period, of which it said “the new car order book for the Group is building well and in line with our expectations.” The statement confirmed the appointment of Tim Duckers, who has been with the group since 2008, as Managing Director of Cambria’s motor division.
Mark Lavery, Chief Executive Officer of Cambria, said: “The Group has performed well during the course of the financial year, delivering growth in the operating business and adding on earnings accretive acquisitions. The mix of franchises has been enriched in line with our growth strategy and the business is well placed to build on the momentum generated this year. The September order bank is building well and this puts us in a strong position heading into the important plate change month.
Lavery concluded: “I am very pleased that Tim has accepted our offer for him to join the Board of Directors and look forward to him supporting myself and the team as we continue to grow the Group further along the next exciting phase of its development.”
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