HALFORDS UPGRADES FY PROFIT FORECAST

Halfords has issued a better than expected first half set of results, driven by its Retail Motoring and Autocentres business (which together now represent more than two thirds of the Group’s total revenue). As a result, it has upgraded its full year profit forecast.

READ: HALFORDS TO HIRE 700 TECHNICIANS

Halfords
Halfords is upgrading forecast, thanks to strong H1 results

The firm has also announced plans to double the number of electric vehicle technicians in its stores and garages next year, as this area of the business continues to perform strongly: sales of e-bikes, e-scooters and accessories grew by more than 140%, and servicing for electric cars in Halfords garages was up 120%. The company has also said that it has seen an easing of supply chain disruption, and that it was pleased with the current availability of kids bikes and e-bikes as it heads into the Christmas trading period.

Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

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