Waylands Automotive financial results reveal 150% profit growth in COVID-hit 2020
2 people found this useful Waylands Automotive ensured that the COVID-19 pandemic was no barrier to ongoing growth as it delivered a 4% increase in revenues and 150% rise in pre-tax profits from its network of Volvo dealerships in 2020. Revenues rose to £89 million during the 12-month period to December 31, 2020, as PBT rose from £502,000 in 2019 to £1.25m as the Reading-based retail group delivered 66.2% EBITDA growth to £2.22m (2019: £1.34m). Although it delivered a cautious outlook for the remainder of 2021 in its annual financial results report, the AM Awards 2020âs Be...