Cambria (AIM:CAMB) terrific results from AIM’s other motor retailer and another upgrade
The franchised motor retailer, delivered fabulous ‘audited’ preliminary results for the year to 31 August 2015 bringing out another broker upgrade
Sales of £524m exceeded £500m for the first time as the Group strengthened its position in high luxury and premium brands. Underlying profit before tax was up 42.6% to £7.7m and underlying earnings per share up 44% to 6.09p with reported diluted eps not far behind at 6.03p. The Group now comprises 29 dealerships, representing 45 franchises and 17 brands, spanning the high luxury/premium (20 dealerships) and volume (23 dealerships) segments. For those worried about emissions issues there is no VW or Audi exposure but 1 Seat dealership! They closed the year with net cash of £1.0m (2013/14: net debt…