Cambria was established in 2006 with a strategy to build a balanced motor retail group, through close cooperation with its manufacturer partners and the self funded acquisition and turnaround of under-performing businesses. This strategy has proved very successful.

Following the acquisition of County Motor Works in January 2013, the Group now comprises 27 dealerships, representing 42 franchises and 17 brands, in a balanced portfolio spanning the high luxury, premium and volume segments.

The Group operates dealerships across England with a geographical spread from the North West through the Midlands, down to Kent in the South East and across as far as Exeter in the South West, trading under local brand names, including, Dees, Doves, Grange, Invicta, Motorparks and Pure Triumph.

Cambria's brand portfolio currently comprises Abarth, Alfa Romeo, Aston Martin, Chrysler Jeep, Citroen, Dacia, Ford, Fiat, Honda, Jaguar, Mazda, Nissan, Renault, Seat, Vauxhall, Volvo and Triumph.

Our success in turning around under-performing dealerships has enabled Cambria to build a strong balance sheet. As a result, the Group is now in a position to consider acquisitions which are earnings enhancing from the outset, strengthening Cambria's brand portfolio mix further and fulfilling our national ambitions to create five regional clusters, each with a turnover of £200 million.


http://www.cambriaautomobilesplc.com/our_brands

http://www.cambriaautomobilesplc.com/index.jsp

Interim Results 2014

RNS


RNS Number : 9038G

Cambria Automobiles Plc

13 May 2014








Embargoed for release at 0700 hours 13 May 2014



Cambria Automobiles plc

("Cambria" or the "Group")



Unaudited Interim Results 2014



Cambria Automobiles plc (AIM: CAMB), the franchised motor retailer, is pleased to announce its un-audited interim results for the six months ended 28 February 2014, which show revenue and profits well ahead of the comparable period in the prior year.



Financial highlights:



· Revenue increased to £204.8m (H1 2013: £179.1m) - up 14.3%

· Underlying profit before tax* at £2.02m (H1 2013: £1.39m) - up 45%

· Underlying earnings per share* increased to 1.56p (H1 2013: 1.04p) - up 50%

· Strong operational cash flows, resulting in a cash position of £12.99m (H1 2013: £9.67m) and net debt of £0.7m (H1 2013: £3.0m) after £6.7m of capital expenditure

· Strong balance sheet with net assets of £25.8m

· Interim dividend maintained at 0.1p



* These items exclude non-recurring expenses of £nil (2013:£0.08m)



Operational highlights:



· New vehicle sales up 17.1% - well ahead of overall growth in the UK market at 10.3%

· Used vehicle sales up 9% with a 3.7% improvement in profit per unit

· Aftersales accounted for 13.3% and 44.4% of Group revenue and gross profit respectively

· £6.3m invested in the property estate, reducing annual rental costs by £0.3m
- Acquisition of freehold interest in Fiat and Nissan dealership in Warrington for £2.3m
- Acquisition of freehold interest in Ford dealership in Croydon plus additional land for future

franchise expansion opportunity for £4m



Mark Lavery, Chief Executive of Cambria, said:



"This is a pleasing result for the Group. We have improved performance across all areas of the business and outperformed a growing UK new car market. Post period end, trading results in the key month of March were ahead of plan and the previous year and the Board is confident of maintaining momentum in the second half.



"In line with our strategy to improve the favourable mix of Cambria's portfolio, we continue to focus on further strengthening the Group's position in luxury and premium brands and are actively exploring acquisition opportunities which have the potential to fulfil our ambitions."

Acquisition, Trading Update and New Franchise

RNS


RNS Number : 6710L

Cambria Automobiles Plc

08 July 2014






8 July 2014



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



Acquisition, Trading Update and New Franchise



Cambria, the franchised motor retailer, is pleased to announce that it has today completed the Trade and Assets acquisition of its first Land Rover franchise and a further Jaguar franchise operating from one dealership in Barnet, North London, from Hadley Green Garages, which is owned by Lookers plc, for a total cash consideration of £10.47 million.



The Board is also pleased to report that the Group's trading continues to perform well in a strong new car market and that it remains on track to at least match market expectations in the current financial year.



The consideration for the acquisition comprises £3.75 million for the freehold property, £5.0 million of goodwill, £0.46 million for fixed assets, with the remaining £1.26 million for used cars, parts stock, demonstrator vehicles, accruals and prepayments. It is the Group's intention to draw down a new term loan in respect of the freehold property acquired, with the balance of the consideration to be satisfied using the Group's existing financing facilities.



The acquired dealership's combined management accounts for the year ended 31 December 2013 show revenue of £46 million and, on an adjusted basis, Cambria estimates the profit before tax for same period was £0.7 million. It is anticipated that this dealership will be significantly earnings enhancing in the next financial year, 2014/15.



The Group has also recently added a second Jeep franchise, which will sit alongside its Fiat business in Oldham, further strengthening the relationship with Fiat Group Automobiles.



Mark Lavery, Chief Executive of Cambria, said: "Following our success in turning around underperforming dealerships, it is very pleasing to announce the acquisition of our first Land Rover and the addition of a sixth Jaguar dealership, which are expected to be rapidly earnings enhancing and strengthen our brand portfolio mix.



"The Land Rover brand continues to perform exceptionally well and has been acknowledged as the most valued new car franchise by the National Franchised Dealers Association's Dealer Attitude Survey. Cambria is already working closely with Jaguar which is going from strength to strength and the new product roll-out, scheduled for 2015 onwards, is very exciting.



"The purchase of this dealership is very much part ofour growth strategy and the Board expects the acquisition to make a considerable contribution to the Group's performance in 2015."

8 Jul Panmure Gordon 84.00 Buy

Trading Update and Notice of Results

RNS


RNS Number : 9930Q

Cambria Automobiles Plc

08 September 2014






8 September 2014



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



TRADING UPDATE AND NOTICE OF RESULTS

Full year results expected to be ahead of current market forecasts



Cambria, the franchised motor retailer, announces the following trading update ahead of its preliminary results for the year ended 31 August 2014.



Trading Update



Further to the Acquisition, Trading Update and New Franchise announcement released on 8 July 2014, the Board is pleased to report that the Group has continued to perform well and that the results for the year ended 31 August 2014 are expected to be ahead of current market forecasts.



Trading in the first 11 months of the 2013/14 financial year has been substantially ahead of the corresponding period in 2012/13. New vehicle unit sales, excluding the recently acquired Land Rover and Jaguar business in Barnet, increased by 15.7%, outperforming the overall market which rose by 10.6%, and margins remained strong. Used vehicle sales also performed well; unit sales were 3.2% ahead of the same period in the prior year with a gross profit per unit improvement of 5.9%. Growth in the Group's aftersales operations also continued with a profit increase of 4.3% year-on-year.



The integration of Land Rover and Jaguar in Barnet is progressing well and the Board is encouraged with the potential of this business, which is expected to make a considerable contribution to the Group's performance in 2014/15 and beyond.



Heading into the important September trading period, the Group's new car order book is ahead of the same point last year, reflecting the continuing strength of the new car market. The Board continues to view prospects for the new financial year with confidence.



Notice of Results



Cambria will announce its preliminary results for the year ended 31 August 2014 on Tuesday 25 November 2014.

8 Sep Panmure Gordon 84.00 Buy

Watch: Mark Lavery, CEO, Cambria Automobiles - Mello 2014

click here

final results Tues 25 Nov

Final Results

RNS


RNS Number : 8603X

Cambria Automobiles Plc

25 November 2014








25 November 2014



Cambria Automobiles plc

("Cambria" or the "Group")

(AIM: CAMB)



Audited Preliminary Results 2014



Cambria, the franchised motor retailer, is pleased to announce its audited preliminary results for the year ended 31 August 2014, which show continued improvement in the Group's operational and financial performance.



Financial highlights:



· Revenue of £450.1m (2013: £395.8m) - up 14%

· Underlying profit before tax of £5.4m (2013: £4.1m) up 32%

· Profit before tax of £5.3m (2013: £4.0m) - up 33%

· Earnings per share of 4.15p (2013: 3.49p) - up 19%

· £10.5m acquisition of Jaguar and Land Rover business in Barnet in July 2014 including £3.75m of freehold property

· Further £6.5m invested in freehold property estate

· Strong balance sheet - net debt of £4.6m and net assets £28.3m

· Proposed final dividend of 0.5p per share, giving total dividend per share for the year of 0.6p (2013: 0.5p) - up 20%

· Improvement in underlying return on shareholders' funds to 15.9% (2013: 15.5%)



Operational highlights:



· Growth in new vehicle sales of 16.7% - 6.1% ahead of the market at 10.6%

· Brand portfolio mix further improved with the acquisition of the Group's first Land Rover dealership and sixth Jaguar dealership; additional Jeep franchise secured in Oldham

· Increase in used vehicle unit sales of 2% with profit per unit improving

· Increase in service and bodyshop hours sold of 3.4%

· Motor Trader "Dealer Group of the Year 2014"





Mark Lavery, Chief Executive of Cambria, said:



"The new financial year has started strongly with the Group's performance in the first two months being both ahead of our business plan and significantly ahead of the year under review. I am pleased with the progress that we are making across our established businesses; I am excited by the potential of the newly acquired Jaguar Land Rover business in Barnet; and I am confident that Cambria can maintain this momentum and deliver further improved performances across all it departments in the current financial year."



- End

Trading Update
RNS
RNS Number : 2031C
Cambria Automobiles Plc
15 January 2015



15 January 2015



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



Trading Update



Prior to the Annual General Meeting being held today at 10.00am, the Board of Cambria is pleased to announce the following trading update.



The Group is successfully maintaining the momentum achieved in the last financial year and the trading performance in the first four months of the current financial year has been substantially ahead of the corresponding period of 2013/14. This performance has been achieved in a strong domestic new car market which has now seen 34 consecutive months of growth, and 2,476,435 registrations recorded in calendar 2014, the highest level since 2004.



All aspects of the business continue to show strong profit improvement on both a total and a like-for-like basis. The Group's new vehicle unit sales in the first four months of the current financial year increased by 19.3% and by 11.9% on a like-for-like basis, well ahead of the UK new car market which grew by 8.2% in the same period. The Board anticipates that new car volumes will remain robust in 2015. Used vehicle sales also continued to perform well, with unit sales 1.8% ahead of the same period last year (flat on a like-for-like basis), with the gross profit per unit continuing to increase. The growth in the Group's aftersales operations is continuing, with profitability currently up 10.7% year-on-year and up 3% on a like-for-like basis.



The Barnet business that was acquired in July 2014 has performed in line with expectations. This acquisition added the sixth Jaguar dealership and the first Land Rover dealership to the Group, and the Board remains confident about its potential.



The Board expects Cambria's interim results for the six months to 28 February 2015 to be significantly ahead of the corresponding period of 2013/14 on a like-for-like basis and views the outlook for the remainder of the financial year with confidence. In this regard, the Group's trading performance is also tracking ahead of current market expectations for the full year.

​Hot on the heels of Vertu Motors yesterday, Cambria Automobiles has come out with a positive trading update.

Who do you chose: Vertu Motors or Cambria?

See more at: http://www.investorschampion.com/blog/ or http://tinyurl.com/njk2b74

Pre-close Trading Update and Notice of Results
RNS
RNS Number : 7080G
Cambria Automobiles Plc
06 March 2015

6 March 2015



Cambria Automobiles plc

("Cambria" or the "Group")

AIM: CAMB



Pre-close Trading Update and Notice of Results



The Board of Cambria, the franchised motor retailer, is pleased to announce the following pre-close trading update ahead of the announcement of the Group's results for the six months to 28 February 2015.



Trading Update



Further to the trading update issued on 15 January 2015, the trading performance in the first five months of the current financial year has been substantially ahead of the corresponding period in 2013/14 and in line with recently upgraded market expectations.



New vehicle unit sales increased by 17.1% (9.9% on a like-for-like basis), against a market up 7.9%. New car margins remained strong and the Board anticipates that new car volumes will remain robust throughout 2015. Used vehicle sales also performed well: unit sales were 2.1% ahead of the same period last year (flat on a like-for-like basis), with gross profit per unit continuing to increase. Growth in the Group's aftersales operations also continued, with profitability currently up 7.7% year-on-year.



Heading into the important March trading period, the new car order book is building well, and the Board expects the Group to deliver a strong trading performance in this crucial month.



Following on from the successful acquisitions of Barnet Land Rover and Jaguar the Board continues to explore acquisition opportunities that will further develop the Group in line with its stated strategy.



The Board views the outlook for the remainder of the financial year with confidence.



Notice of Results



Cambria will announce its interim results for the six months ended 28 February 2015 on Tuesday 12 May 2015.

On Tuesday, Cambria Automobiles PLC (CAMB:LSE) closed at 59.00, 0.00% below its 52-week high of 59.00, set on May 05, 2015.

A buy in this weeks IC

ST of IC today - Target price

Having assessed the risks, and assessed the chart set-up and likely newsflow, I feel that Cambria's shares are worth buying ahead of a pre-close trading statement in early September and ahead of the full-year results in November. A close above the June high of 61.5p would take the shares into blue sky territory and signal that the next leg up in the share price has started. A rally towards my target price of 75p, equating to a fiscal 2016 earnings multiple of 12, would then be on the cards.

Offering 30 per cent share price upside, I rate Cambria shares a buy on a bid-offer spread of 56p to 57.5p on a six month basis. Please note that Cambria's top six shareholders own 64.6 per cent of the issued share capital of 100m shares, but the shares are still readily tradable and within the spread in bargains above the electronic market size of 3,000 shares.

ST of IC today - I am more than comfortable with analysts' predictions that EPS will rise from 5.4p to 6.3p in the 12 months to end August 2016 and for the dividend to be hiked again to 0.8p a share. This means that the shares are currently rated on 11.5 times fiscal 2016 earnings estimates and offer a 1.1 per cent prospective dividend yield which still doesn’t seem too punchy for a company where the risk to earnings is on the upside. Run profits.

ST of IC - Run profits

Preliminary results


· Strong balance sheet - net assets £33.7m

· Strong operational cash flows, cash position of £15.4m (2013/14: £10.3m)

· Net cash of £1.0m (2013/14: net debt £4.6m) after significant investment in April 2015

· Return on Equity at 19.6% (2013/14: 15.9%)

· Proposed final dividend of 0.6p, full year up by 25.0% to 0.75p per share (2013/14: 0.6p)

· Post year-end, new £37.0m, 5 year banking facilities arranged, including an undrawn £22m revolving credit facility, providing additional funding capacity



Operational Highlights



· Growth in new vehicle sales of 9.0%

· New car retail profit per unit increased 12.6%

· Increase in used vehicle unit sales of 4.4%

· Used car profit per unit increased by 5.3%

· Increase of 7.8% in service and bodyshop hours sold

· Barnet Jaguar Land Rover acquisition from June 2014 integrating well with profit contribution in line with expectations

· Swindon Land Rover acquired on 30 April 2015 for £7.6m, integrating well and contributed in line with expectations

ST of IC today - Cambria's shares should offer decent mileage to my upgraded target price of 90p. That’s marginally above the 86p fair value estimate of Matthew McEachran of broking house N+1 Singer, but significantly less than the 116p medium-term target of Mike Allen at Zeus Capital. Needless to say, on a bid-offer spread of 70p to 73p, and offering a further 23 per cent potential upside, I rate Cambria's shares a buy.