Interim Management Statement

RNS Number : 0501A

Caffyns PLC

14 February 2014

 



INTERIM MANAGEMENT STATEMENT

14 February 2014

Caffyns plc ("Caffyns" or the "Company")

This Interim Management Statement by Caffyns plc covers the period from 1 October 2013 to 13 February 2014.

Performance

During the four months ended 31 January 2014 ("the period"), the Company's unit sales of new cars were up by 9.8% on the equivalent period in the previous year. This was achieved on top of a strong performance of 20.6% growth for the comparative period of the four months ended 31 January 2013. The overall UK new car market increased by 10.0% in the period whilst our main market in the private and small business sector increased by 13.6%.

Caffyns' used car unit sales were up by 21.0% in the period. Aftersales revenue was up by 2.6%.

Property

The business at our existing Volkswagen dealership in Worthing will transfer to the newly constructed premises in March. The Skoda dealership in Ashford has successfully relocated to its new premises on our existing site.

Trading

The improvement in trading as compared to the previous year has continued in the period. The full year outturn will, as always, be influenced by our performance in the crucial month of March.

Enquiries:
Caffyns plc	Simon Caffyn, Chief Executive	Tel: [phone]
	Mark Harrison, Finance Director
The HeadLand Consultancy	Howard Lee	Tel: [phone]
	Tom Gough
For further information visit www.caffynsplc.co.uk

 

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