Pendragon (PDG)

Sector:

Retailers

Index:

FTSE Small Cap

22.80p
   
  • Change Today:
    -0.40p
  • 52 Week High: 23.70
  • 52 Week Low: 13.10
  • Currency: UK Pounds
  • Shares Issued: 1,396.94m
  • Volume: 620,441
  • Market Cap: £318.50m
  • RiskGrade: 288
  • Beta: 0.02

Pendragon swings to first-half profit, beats expectations

By Michele Maatouk

Date: Wednesday 15 Sep 2021

LONDON (ShareCast) - (Sharecast News) - Car dealership Pendragon said on Wednesday that it swung to a profit in the first half, boosted by its digital offering.
In the six months to 30 June, the company swung to an underlying pre-tax profit of £35.1m from a loss of £31m in the same period a year ago, with revenue up 49% to £1.8bn. Profit came in ahead of the group's own guidance of £30m.

Pendragon said "significant" improvements in its digital propositions enabled the group to largely mitigate the impact of the third national lockdown in the first quarter.

"A strong trading performance was underpinned by the delivery of the group's cost restructuring programme, delivering material cost savings," it said.

Over the half, the company outperformed the new car market as measured by SMMT with a 42.7% like-for-like increase in new cars sold versus total market growth of 39.2%, and a market increase of 35.7% in Pendragon represented franchises.

Pendragon said that while uncertainty remains for the remainder of the second half, it is still confident that underlying pre-tax profit the full year will be between £55m and £60m, leaving it on track to deliver its target of £85m to £90m by FY2025.

Chief executive Bill Berman said: "In line with the wider market, we are anticipating continued shortages in both new and used vehicle supply for the remainder of the year. We're continuing to deliver on our strategy and see significant prospects for the group to capitalise on the exciting market opportunities ahead."

Email this article to a friend

or share it with one of these popular networks:


Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Pendragon Market Data

Currency UK Pounds
Share Price 22.80p
Change Today -0.40p
% Change -1.72 %
52 Week High 23.70
52 Week Low 13.10
Volume 620,441
Shares Issued 1,396.94m
Market Cap £318.50m
Beta 0.02
RiskGrade 288

Pendragon Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
48.33% above the market average48.33% above the market average48.33% above the market average48.33% above the market average48.33% above the market average
46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average46.67% above the sector average
Price Trend
94.89% above the market average94.89% above the market average94.89% above the market average94.89% above the market average94.89% above the market average
92.45% above the sector average92.45% above the sector average92.45% above the sector average92.45% above the sector average92.45% above the sector average
Income Not Available
Growth
57.85% below the market average57.85% below the market average57.85% below the market average57.85% below the market average57.85% below the market average
42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average42.86% below the sector average

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 4
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Pendragon Dividends

  Latest Previous
  Final Interim
Ex-Div 18-Apr-19 20-Sep-18
Paid 30-May-19 23-Oct-18
Amount 0.70p 0.80p

Trades for 20-Jan-2022

Time Volume / Share Price
16:35 12,216 @ 22.80p
16:29 2,264 @ 22.50p
16:29 9 @ 22.60p
16:29 1,000 @ 22.60p
16:29 7,322 @ 22.70p

Pendragon Key Personnel

COO Martin Shaun Casha
CFO Mark Simon Willis
CEO William Berman

Top of Page