Marshall Motor Holdings: Driving through lockdown 2.0

Trading in Q420 has proven to be more resilient than management expected despite the national lockdown during November. As a result, following the strong Q320 performance and a continued outperformance of its markets so far in Q420, management now expects to achieve an adjusted PBT of at least £19m, c 27% higher than October’s guidance.

We have increased our estimates to reflect the uplift and now expect an improved cash performance as inventory management remains robust. Challenges remain for 2021, not least Brexit and COVID-19, and we assume a relatively flat year overall with less marked disruption in H121.

Read the full report from Edison here:

Click to view all articles for the EPIC:
Or click to view the full company profile:
Share on facebook
Share on twitter
Share on linkedin
Marshall Motor Holdings Plc

More articles like this

Marshall Motor Holdings Plc

UK paves way hands-free driving on motorways

Drivers in Britain could be legally allowed to take their hands off the wheel to check their emails or read a newspaper in cars fitted with the latest technology ‘by the end of this year’, the Government has

Marshall Motor Holdings Plc

The smart way to budget for servicing

Service Plans are one of the most popular products that we sell.Many of our customers find that it’s the ideal way to budget for servicing their new or used Audi because they can spread the cost over a

Marshall Motor Holdings Plc

Marshall fully open effective today

In accordance with the latest Government guidance, I am delighted to announce that all sales, service, parts and bodyshop departments across Marshall Motor Group retailers will FULLY REOPEN effective Monday 12 April 2021. As always, the safety of our customers,