Marshall Motor Group expects profit and cash generation for the first half of the year to be ‘exceptionally strong’.
The listed motor group issued an unscheduled Stock Market announcement today as it said the ‘positive tailwinds’ the sector has enjoyed have continued to boost its performance.
The dealer group said that even after repaying £4m in furlough support received during this year, underlying profit before tax in 2021 is ‘likely to be significantly ahead of market expectations’.
Marshall Motor Holdings Plc (LON:MMH), together with its subsidiaries, engages in retailing passenger cars and commercial vehicles in the United Kingdom. It sells new and used vehicles; and provides after sales services, such as servicing, body shop repairs, and parts sales.