Friday, May 18, 2007
Lookers dedicated to expansion
LOOKERS CHAIRMAN, Phil White will have some good news for today's AGM.
"Our franchise dealer network has seen a good start to the year with like for like sales ahead of the new car market and is performing in line with our expectations," he said ahead of the meeting.
"Our de-centralised management structure and close manufacturer relationships continue to enable us to deliver superior returns across the franchises we operate."
He said the continued success is testament to the effectiveness of its strategy and the dedication of the management and colleagues across the business.
He added that the group continues to see the benefits from its nearly completed refurbishment programme across a number of outlets and that the acquisitions made last year, from HR Owen, have been fully integrated. They have expanded the group's SE presence and strengthened the mix of volume and prestige brands. They are performing in line with expectations.
DATED: 18.05.07
FEED: AW
"Our franchise dealer network has seen a good start to the year with like for like sales ahead of the new car market and is performing in line with our expectations," he said ahead of the meeting.
"Our de-centralised management structure and close manufacturer relationships continue to enable us to deliver superior returns across the franchises we operate."
He said the continued success is testament to the effectiveness of its strategy and the dedication of the management and colleagues across the business.
He added that the group continues to see the benefits from its nearly completed refurbishment programme across a number of outlets and that the acquisitions made last year, from HR Owen, have been fully integrated. They have expanded the group's SE presence and strengthened the mix of volume and prestige brands. They are performing in line with expectations.
DATED: 18.05.07
FEED: AW
