With the rise of profits at Halfords, the group has raised the profit guidance for the year.
The profit for the year is expected to be in an area of 80 million pounds, increasing from the previous £ 75 million forecast.
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New growth of profits is due to an increase in demand in the Autocentres and cycling category. According to the auto center demand, profits increased by 88 % compared to 2020, but cycling profits have increased by 8 %.
“Our existing business has a good momentum. The strategically important field of exercise services continues to be stronger, and all recent acquisitions are working well,” Graham Stapleton’s highest executive officer. I mentioned.
“As a result, I am very excited about the future growth outlook, despite the rewarding trading environment.”
Halfords shares increased by 11 % at 0850 GMT this morning to 311.60.
