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2020-07-07

Preliminary Results: Financial Year 2020

Halfords Group PLC (HFD)
Preliminary Results: Financial Year 2020

07-Jul-2020 / 07:00 GMT/BST
Dissemination of a Regulatory Announcement that contains inside information according to REGULATION (EU) No 596/2014 (MAR), transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.


 

7 July 2020

Halfords Group plc

Preliminary Results: Financial Year 2020

 

Underlying profit+ exceeded guidance: a strong operating performance, with gross margin improvements and tight cost control. Strategic focus on motoring services led to +18.8% growth in Autocentres revenue

 

Halfords Group plc ("Halfords" or the "Group"), the UK's leading provider of Motoring and Cycling products and services, today announces its preliminary results for the 53 weeks to 3 April 2020 ("the period"). To aid comparability, all numbers shown are before adopting IFRS 16, before non-underlying items and on a 52-week basis, unless otherwise stated.

   

Group financial summary

 

FY20

(53 weeks)

£m

FY20

(52 weeks)

£m

FY19

(52 weeks)

£m

52-week change

Revenue

1,155.1

1,142.4

1,138.6

+0.3%

Retail

961.0

950.6

977.2

-2.7%

Autocentres

194.1

191.8

161.4

+18.8%

Gross Margin

51.1%

51.1%

...

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