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You are here: Home1 / News2 / Company News3 / Halfords Autocentres reports 89.6% increase in pre-tax profit – next...

Halfords Autocentres reports 89.6% increase in pre-tax profit – next stop ‘market leadership’

Date: 23rd June 2021 Author: Chris Anthony Comments: 0
The Halfords Mobile Expert business (pictured) is categorised under the group’s Autocentre operations in its full-year financial results (Photo: Halfords)

The Halfords Group reported a strong set of full-year 2021 that saw the company generate total sales of 1,292.5 million in 2021, up 13.1 per cent compared with the 2020 financial year (2020: 1,155.1 million). The financial report, which was published on 17 June 2021, shows that by all measures pre-tax profits skyrocketed. Indeed, Halfords Group reported profit before tax after the impact of IFRS 16 of £64.5 million, which amounts to a headline-grabbing increase of 184.1 per cent compared with the previous year.

Halfords Autocentres accounted for an increasing proportion of the group’s overall sales figures, reporting 2021 sales of £252.5 million, up 31.6 per cent compared with 2020’s £194.1 million.

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acquisitions, featured, Halfords, Halfords Autocentres, McConechy's, McConechy's Tyre Services, premium, Tyre retail

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