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HR Owen raises profits guidance after Christmas rush for Bentleys and RollersJanuary 21 2013, 8:53am
Upscale car seller HR Owen (LON:HRO) said results for 2012 will be ahead of expectations after a strong finish to the year.
Sales of Ferrari and Lamborghini drove performance in the first half of the year but it was the Rolls-Royce and Bentley marques that came in with a fast finish.
HR Owen said 2013’s results will be more second-half weighted than is normally the case, due to the anticipated new model delivery profile across the range of brands it carries.
“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,” the company said.
Shares motored 2.5p higher to 69.5p on the profits guidance upgrade.