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25/11/2004
Halfords Group Plc (“Halfords Group” or the “Company”) today announces its maiden interim results for the 26 weeks to 1 October 2004.
Financial Highlights
"I am very pleased with Halfords’ first set of results since the company’s successful IPO in June. We have delivered a good set of results and continue to develop and position the business for ongoing growth. Turnover in the six week period to 12 November 2004 is in line with our expectations and we remain confident about future prospects for the Company."
For further information please contact:
A presentation for analysts and investors will be held at Merrill Lynch, King Edward Hall, 2 King Edward Street, London, EC1A 1HQ at 9.30am today.
In addition there will be an opportunity to listen to the presentation on the following conference call:
This press release and the analyst presentation will be available to download from the Investor Relations section of the corporate website at www.halfordscompany.com from 7:00am and 9:30am respectively.
About Halfords Group
The Halfords Group is the UK’s leading, by turnover, car maintenance, car enhancement, cycle and travel solutions retailer, with 393 stores across England, Wales, Scotland and Northern Ireland and over 9,000 employees.
The Halfords Group’s 11,000 product lines range from car parts to bikes, alloy wheels to roof boxes, child travel seats to the latest in-car entertainment, leisure and camping equipment.
In its larger stores, the Halfords Group features specialist sub-shops for audio, automotive parts, car enhancement (Ripspeed) and cycling (Bikehut).
Halfords was established in 1892 and floated on the London Stock Exchange in June 2004. It is a FTSE 250 company.
Halfords online store can be found at www.halfords.com.
View the full press release in PDF format.
Interim Results to 1 October 2004 press release
Halfords Group Plc (“Halfords Group” or the “Company”) today announces its maiden interim results for the 26 weeks to 1 October 2004.
Financial Highlights
- Turnover up 12.7% to £322.7m
- Like-for-like sales up 10.6%
- Operating profit before amortisation of goodwill and exceptional operating items up 18.3% to £46.0m
- Operating profit up 9.1% to £34.9m
- Pre-tax profit up 170% to £26.5m
- Basic earnings per share before amortisation of goodwill and exceptional operating items up 43% to 12.3 pence
- Basic earnings per share up 220% to 8.0 pence
- Maiden interim dividend 3.7 pence per share
- Strong growth in all key business areas
- 28 new supermezzanines opened
- Programme of mezzanine conversions and new store openings running to plan
"I am very pleased with Halfords’ first set of results since the company’s successful IPO in June. We have delivered a good set of results and continue to develop and position the business for ongoing growth. Turnover in the six week period to 12 November 2004 is in line with our expectations and we remain confident about future prospects for the Company."
For further information please contact:
| Halfords Group plc | 01527 513129 |
| Ian McLeod, Chief Operating Officer | |
| Nick Carter, Finance Director | |
| Citigate Dewe Rogerson | 020 7638 9571 |
| Rachel Lankester | |
| Freida Moore |
A presentation for analysts and investors will be held at Merrill Lynch, King Edward Hall, 2 King Edward Street, London, EC1A 1HQ at 9.30am today.
In addition there will be an opportunity to listen to the presentation on the following conference call:
| Tel: | 020 8996 3920 |
| Access code: | C355445 |
This press release and the analyst presentation will be available to download from the Investor Relations section of the corporate website at www.halfordscompany.com from 7:00am and 9:30am respectively.
About Halfords Group
The Halfords Group is the UK’s leading, by turnover, car maintenance, car enhancement, cycle and travel solutions retailer, with 393 stores across England, Wales, Scotland and Northern Ireland and over 9,000 employees.
The Halfords Group’s 11,000 product lines range from car parts to bikes, alloy wheels to roof boxes, child travel seats to the latest in-car entertainment, leisure and camping equipment.
In its larger stores, the Halfords Group features specialist sub-shops for audio, automotive parts, car enhancement (Ripspeed) and cycling (Bikehut).
Halfords was established in 1892 and floated on the London Stock Exchange in June 2004. It is a FTSE 250 company.
Halfords online store can be found at www.halfords.com.
View the full press release in PDF format.