Caffyns PLC Interim Management Statement (0501A)

TIDMCFYN

RNS Number : 0501A

Caffyns PLC

14 February 2014

INTERIM MANAGEMENT STATEMENT

14 February 2014

Caffyns plc ("Caffyns" or the "Company")

This Interim Management Statement by Caffyns plc covers the period from 1 October 2013 to 13 February 2014.

Performance

During the four months ended 31 January 2014 ("the period"), the Company's unit sales of new cars were up by 9.8% on the equivalent period in the previous year. This was achieved on top of a strong performance of 20.6% growth for the comparative period of the four months ended 31 January 2013. The overall UK new car market increased by 10.0% in the period whilst our main market in the private and small business sector increased by 13.6%.

Caffyns' used car unit sales were up by 21.0% in the period. Aftersales revenue was up by 2.6%.

Property

The business at our existing Volkswagen dealership in Worthing will transfer to the newly constructed premises in March. The Skoda dealership in Ashford has successfully relocated to its new premises on our existing site.

Trading

The improvement in trading as compared to the previous year has continued in the period. The full year outturn will, as always, be influenced by our performance in the crucial month of March.

 
Enquiries: 
 
Caffyns plc               Simon Caffyn, Chief Executive  Tel: 01323 730201 
                          Mark Harrison, Finance 
                           Director 
 
The HeadLand Consultancy  Howard Lee                     Tel: 020 7367 
                                                          5222 
                          Tom Gough 
 
For further information visit www.caffynsplc.co.uk

This information is provided by RNS

The company news service from the London Stock Exchange

END

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