Lookers PLC
15 January 2007
15 January 2007
LOOKERS plc
TRADING UPDATE
Following the full year profit forecast made in April 2006 and on entering its
close period following the end of the financial year to 31 December 2006, the
Board of Lookers is pleased to release the following trading update.
At the time of the announcement of the Interim Results on 4 September 2006, the
Group stated that it was making good progress in meeting its expectations for
the year. Since that time, Lookers has continued to make excellent progress,
particularly in its franchised and parts distribution businesses. As a result,
the Board can report that its performance has been ahead of the profit forecast
made in April 2006. This success reflects the continued implementation of
Lookers' stated strategy including the development of complementary business
streams, close relationships with manufacturer partners and a de-centralised
management structure.
The 10 dealerships acquired from HR Owen on 31 August 2006 have been
successfully integrated into the Lookers operating model and are performing in
line with our plans. The new FPS parts distribution facility in Sheffield has
been completed on time and within budget and is now fully operational.
The Group will be announcing its Preliminary Results for the year to 31 December
2006 on 12 March 2007.
Enquiries:
Lookers Telephone: 0161 291 0043
Ken Surgenor, Chief Executive
David Dyson, Finance Director
Hudson Sandler Telephone: 020 7796 4133
Andrew Hayes / Nick Lyon
Kate Hough
This information is provided by RNS
The company news service from the London Stock Exchange
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