29 February 2024 - trading update
It is disappointing to have to report that the motor and cycling group has issued a profit warning only a month after issuing a trading update on third quarter figures. The latter statement had indicated that the group was happy with forecasts of pre-tax profit of between £48m and £53m in the year to 31 March 2024 helped by a strong performance in Q3. However, this was largely due to strong growth in October and November with a much weaker outcome in December. The poor performance at the end of 2023 has carried on . . .
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