Monday, January 15, 2007

Strong trading for Lookers

Lookers has released a favourable trading update for the financial year ending 31 December 2006 which puts the dealer group ahead of the profit forecast it made in April 2006.

The company said it achieved particularly strong results in its franchised and parts distribution businesses. The group also said the 10 dealerships acquired from HR Owen on 31 August 2006 have been successfully integrated and are performing in line with its plans.

Also the new FPS parts distribution facility in Sheffield has been completed on time and within budget and is now fully operational. Preliminary results for the year will be announced on 12 March.

DATED: 15.01.07

FEED: MT





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