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09/06/2005
Halfords Group plc, the UK’s leading auto, leisure and cycling products retailer, announces its Preliminary Results for the 52 weeks ended 1 April 2005.
Financial Highlights
“Following our Stock Exchange listing in June 2004, Halfords has reported a successful year of sales and profit growth. Against strong comparative trading, we are encouraged that Halfords continues to deliver positive like-for-like sales after adjusting for Easter. The current trading performance gives us confidence that the diligent application of our strategy will enable us to deliver positive results going forward, despite a challenging retail environment.”
Enquiries
Halfords Group plc ( www.halfordscompany.co.uk)
Halfords is the UK’s leading auto, leisure and cycling products retailer with 398 stores and nearly 10,000 employees.
The Group sells 11,000 different product lines ranging from car parts and cycles through to the latest in-car technology, alloy wheels, child seats, roof boxes and the latest outdoor leisure and camping equipment. Halfords’ own brands include Ripspeed, for car enhancement, and Bikehut, for cycles and cycling accessories, including the Apollo and Carrera brands. Stores offer a “We’ll Fit It” service for car parts, child seats, satellite navigation and in-car entertainment systems, together with newer concepts such as Kidszone and Active Leisure.
Halfords is a FTSE 250 company. It was established in 1892 and was successfully floated on the London Stock Exchange in June 2004.
View the full press release in PDF format.
Halfords Group plc Preliminary Results announcement
Halfords Group plc, the UK’s leading auto, leisure and cycling products retailer, announces its Preliminary Results for the 52 weeks ended 1 April 2005.
Financial Highlights
- Turnover £628.4m up 8.6%
- Like-for-like sales, including contribution from new mezzanines, up 8.9%
- Gross profit percentage up from 53.5% to 53.7%
- Operating profit before goodwill amortisation and exceptional operating items £92.2m up 16.4%
- Operating profit £78.3m up 19.5%
- Pre-tax profit before goodwill amortisation and exceptional items £77.5m up 76.9%
- Pre-tax profit £64.1m up 130.6%
- Basic earnings per share before goodwill amortisation and exceptional items 24.4p up 37.9%
- Basic earnings per share 18.5p up 122.9%
- Strong operating cash flow of £116.2m and year end net debt down 51.4% to £169.7m
- Final dividend of 8.3p, making a total dividend for the year of 12p per ordinary share
- 398 stores including 18 new store openings and relocations
- 57 supermezzanine stores now trading
- New categories delivering good results
- “We’ll Fit It” programme approaching one million products fitted in the year
“Following our Stock Exchange listing in June 2004, Halfords has reported a successful year of sales and profit growth. Against strong comparative trading, we are encouraged that Halfords continues to deliver positive like-for-like sales after adjusting for Easter. The current trading performance gives us confidence that the diligent application of our strategy will enable us to deliver positive results going forward, despite a challenging retail environment.”
Enquiries
| Halfords Group plc ( www.halfordscompany.co.uk) | on Thursday 9 June only 0207 190 1705 |
| Ian McLeod, Chief Operating Officer | thereafter 01527 517601 |
| Nick Carter, Finance Director | |
| Gainsborough Communications | 0207 190 1703 |
| Andy Cornelius | |
| Julian Walker |
Halfords Group plc ( www.halfordscompany.co.uk)
Halfords is the UK’s leading auto, leisure and cycling products retailer with 398 stores and nearly 10,000 employees.
The Group sells 11,000 different product lines ranging from car parts and cycles through to the latest in-car technology, alloy wheels, child seats, roof boxes and the latest outdoor leisure and camping equipment. Halfords’ own brands include Ripspeed, for car enhancement, and Bikehut, for cycles and cycling accessories, including the Apollo and Carrera brands. Stores offer a “We’ll Fit It” service for car parts, child seats, satellite navigation and in-car entertainment systems, together with newer concepts such as Kidszone and Active Leisure.
Halfords is a FTSE 250 company. It was established in 1892 and was successfully floated on the London Stock Exchange in June 2004.
View the full press release in PDF format.