Crosville Motor Services

Halfords Group PLC: Q3 Trading Update: Financial Year 2023

Retrieved on: 
Sunday, January 22, 2023

Halfords Group plc (“Halfords” or the “Group”), the UK’s leading provider of Motoring and Cycling services and products, today announces its Q3 Trading update for the 13 weeks to 30 December 2022 (“the period”).

Key Points: 
  • Halfords Group plc (“Halfords” or the “Group”), the UK’s leading provider of Motoring and Cycling services and products, today announces its Q3 Trading update for the 13 weeks to 30 December 2022 (“the period”).
  • To provide a better understanding of underlying performance, all numbers unless otherwise stated are against FY20, that is, on a three-year basis.
  • The disruption from COVID-19 to both FY21 and FY22 means that comparators against these years are more difficult to interpret.
  • At a Capital Markets Day on 30 March 2023 we will outline in more detail our expectations for FY24 and beyond.

Halfords Group PLC: Acquisition of Lodge Tyre

Retrieved on: 
Wednesday, October 5, 2022

Halfords Group plc (Halfords or the Group), the UK's largest provider of Motoring and Cycling products and services, today announces the acquisition of LTC Trading Holdings Limited and its subsidiary Lodge Tyre Company (The) ("Lodge Tyre") (the "Acquisition") (the Company) for total consideration of 37.2 million (the Consideration) with 33.2 million paid on completion and 4 million paid in FY25 subject to performance.

Key Points: 
  • Halfords Group plc (Halfords or the Group), the UK's largest provider of Motoring and Cycling products and services, today announces the acquisition of LTC Trading Holdings Limited and its subsidiary Lodge Tyre Company (The) ("Lodge Tyre") (the "Acquisition") (the Company) for total consideration of 37.2 million (the Consideration) with 33.2 million paid on completion and 4 million paid in FY25 subject to performance.
  • Lodge Tyre is a well-established business in the UK commercial tyre market, providing automotive services to business-to-business ("B2B) customers from 50 garages and 248 mobile vans.
  • Graham Stapleton, Chief Executive Officer of Halfords, commented:
    "The acquisition of Lodge Tyre is yet another example of Halfords strategic aim of becoming a Motoring Services-focused business, and will mean that Motoring accounts for over three quarters of our total revenue.
  • Lodge Tyre is a highly respected business in the tyre and vehicle maintenance market, with a rich heritage dating back to 1935.

Halfords Group PLC: Q3 Trading Update: Financial Year 2022

Retrieved on: 
Thursday, January 13, 2022

On 16 June 2022 we will report our Preliminary results for the financial year ending 1 April 2022.

Key Points: 
  • On 16 June 2022 we will report our Preliminary results for the financial year ending 1 April 2022.
  • Customers shop at 404 Halfords stores, 3 Performance Cycling stores (trading as Tredz and Giant), 604 garages (trading as Halfords Autocentres, McConechy's, Universal, National and Iverson) and have access to 234 mobile service vans (trading as Halfords Mobile Expert and Tyres on the Drive) and 192 Commercial vans.
  • This report contains certain forward-looking statements with respect to the financial condition, results of operations, and businesses of Halfords Group plc.
  • Except as required by law, Halfords Group plc has no obligation to update the forward-looking statements or to correct any inaccuracies therein.