Inside the mind of Lookers plc CEO Andy Bruce as firm acquires Benfield Motor ... - ChronicleLive
In an interview with our sister title, the Manchester Evening News, chief executive Andy Bruce said in September 2014 that the firm was on tract to drive profits of £60m - making it another record-breaking year. Half year revenues to the end of June 2014 was £1. 6bn and pre-tax profits of £40. 2m, with analysts expecting PBT to grow to around £61m for the full year. Around 70% of the group’s turnover comes from its growing motors division, which includes both new and used cars and aftersales, while 20% derives from its independent parts division, which supplies both to car dealers and independent garages. Also read: Lookers motors on to break £3bn sales barrier The other 10% of profits now comes via a mixture of its smaller businesses, which include Lookers Leasing, Fleet Financial, its Vehicle Rental Services, Platts Harris, the agricultural... But there is still a lot of room to grow both organically and through acquisition says Mr Bruce, especially with such a buoyant market for new cars. “The biggest driver is new cars, because, in the end, new cars ultimately feed the used car market which ultimately feeds the. Source: www.chroniclelive.co.uk
