Marshall Motors expects to top record results
By Iain Gilbert
Date: Wednesday 14 Nov 2018
(Sharecast News) - Automotive retailer Marshall Motor expects underlying pre-tax profits to come in ahead of its last trading year following the introduction of new emissions regulations.
Marshall issued the more positive outlook on Wednesday, noting that that the boost given to it by the Worldwide Harmonised Light Vehicle Test Procedure, which had a significant impact on the UK new vehicle market during September, was now projected to continue for the remainder of the year.
As a result, Marshall now anticipates underlying profit before tax will continue to grow until a point that it is "ahead of the group's record results reported last year."
While Marshall acknowledged the new car supply imbalance was continuing, growth in its used car volumes and improving margins in the new car market, combined with further revenue growth achieved in aftersales, had given the AIM-listed firm "more confidence over the expected outcome for the year."
As of 0850 GMT, Marshall shares had taken off 4.76% to 154p.
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10 Lower Thames St,
London EC3R 6EN