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

GSF announces new-look leadership team

GSF will add 20 new branches to its 180-strong network over the next 12 months; up to 20 further locations will follow from 2025

Read More

Winners crowned at CAT Awards 2024

The annual event, held at the Lowry Hotel, welcomed more than 200 people from across the aftermarket

Read More

Movers & Shakers: Round-up of all the latest changes

All the latest changes from across the sector, including new roles, promotions, and retirements

Read More

Fraudsters guilty of selling knock-off aftermarket parts in UK

Group used Amazon as platform for its products

Read More

APH Automotive appointed Suplex’s exclusive GB distributor

Director Andrew Hopkin said the move “is a feather in the cap for APH”

Read More

Go to comments

Your email address will not be published. Required fields are marked *