REDDITCH, UK - Halfords Group plc, the UK’s leading retailer of automotive and cycling products recently announced its Preliminary Results for the 52 weeks to 2 April 2010. The company’s revenues and profit increased thanks to “Continued strong sales and market share growth in car maintenance and cycling.”
Halfords revenue increased 4.6% to GBP 831.6 million (€ 1.002 bn) while like-for-like sales increased by 0.7%. Operating profit showed 17.5% growth to GBP 119.7million (€ 144.2mn).
CEO David Wild: “Halfords has had an excellent year. As a result of our disciplined growth strategy and a clear focus on the needs of our customers, our business continues to develop strongly. While we remain cautious about the current state of the wider UK economy and immediate outlook for consumer spending, we have a proven strategy, a resilient business, and significant opportunities. The Board is
therefore confident that the Group will deliver further earnings growth in the year ahead.”
.jpg)
To make it easier for you to follow the news in the global bicycle industry we have launched a Bike Europe page on Twitter. With Twitter you are always the first to receive the news updates.
Stay on top of the news. 
