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Luxury car dealer says 2012 sales ended strongly

Luxury car dealer HR Owen has today told the stock market it expects its 2012 results to be ahead of market expectations.

Its board reported an "encouraging" end to 2012, with strong performance from Ferrari, Lamborghini, Bentley and Rolls-Royce.#

As a result it expects its 2012 results to be ahead of market expectations when they are reported in March.

"With respect to 2013 the anticipated new model delivery profile across our
range of brands will lead to a less pronounced first half with the second half
contributing a higher proportion of the full year result than has historically
been seen.

"The implementation of our strategy for growth is progressing well
and we look forward to the roll out of further business opportunities during
the coming year," it said.

Joe Doyle, HR Owen's third CEO in as many years, is interviewed in the January issue of AM, out this Friday.

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  • Anonymous - 22/01/2013 15:26

    Another year of massaged figures someone should look closer if it was a bank the heads of business would be in prison.