Lookers PLC
20 April 2005
20 April 2005
LOOKERS PLC
Details of Analyst / Investor Visit and Trading Update
Lookers plc ('Lookers' or 'the Group'), a leading UK motor retailer, announces
that it is hosting a site visit for analysts and investors to some of its
operations in the Birmingham region on 21 April 2005, including the Group's
Vauxhall Brand Centre at Star Park South, the largest Vauxhall outlet in the UK.
The trip will also include a visit to one of the Group's FPS Distribution
centres in Aston and will conclude with a visit to Land Rover UK in Solihull.
The objectives of this visit are to provide attendees with a more detailed
insight into Lookers' Vauxhall operations in Birmingham, enhance their
understanding of the FPS Distribution business and provide them with an
opportunity to meet members of the operational management team.
Lookers can today confirm that the 'more encouraging' trend in trading
performance in the first weeks of March, as stated at the Preliminary results
(12 months ended 31 December 2004) announced on 21 March 2005, has continued.
With regard to the appointment of Administrators to MG Rover, Lookers confirms
that (as disclosed in its Preliminary results) it has already made a full
provision in its 2004 accounts of £2.8 million to exit from its remaining four
MG Rover dealerships. During 2004 these four dealerships together lost £0.8
million at the operating profit level. The Board is confident that no further
provisions will be required.
During the visit no new material information will be made available other than
that contained in this announcement.
-Ends-
Enquiries:
Ken Surgenor, Chief Executive Telephone: 0161 291 0043
David Dyson, Finance Director
Lookers plc
Andrew Hayes / James Hill
gcg hudson sandler Telephone: 020 7796 4133
This information is provided by RNS
The company news service from the London Stock Exchange
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