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Cambria Automobiles PLC

INTERVIEW: Cambria Automobiles Could double or treble earnings over medium term – Zeus

Cambria Automobiles plc (LON:CAMB), the franchised motor retailer is the topic of conversation when Mike Allen, Head of Research at Zeus Capital caught up with DirectorsTalk to discuss the latest interim results. Mike explains how they have performed compared to expectations, the key drivers, how this has changed the Zeus forecast and Mike’s view on the company valuation and stock.

 

Mark Lavery, Chief Executive of Cambria Automobiles plc, said: “I am pleased with the Group’s financial performance in the first half in which we delivered 21.7% profit growth in an uncertain consumer environment. Following on from the significant number of acquisitions, site openings and disposals completed in the 2016 financial year, the aim for the current year is to continue integrating these businesses and progressing our property developments. This in turn will help to realise the full potential of these acquisitions and to increase their operational capacity. We are making good inroads into both of these areas.

“Whilst the Board remains cautious, we are pleased that Cambria’s performance in the combined months of March and April was in line with the previous year. We are therefore confident that the full year results will be slightly ahead of the current market expectations”.

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