Page 3 - Simon Caffyn News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Last year was one of strong recovery for Sussex and Kent-based car dealer Caffyns PLC (LSE:CFYN), and there are sound reasons to believe the share price...

Caffyns has revealed turnover up by 29.8% and a 62.3% rise in profit before tax in published results for the first half of its financial year.

Caffyns optimistic about future despite declining revenue | Financial News

3 people found this useful South of England car dealer group Caffyns has clawed soundly back into the black amid the coronavirus pandemic thanks to efficiencies, state support and investment in online sales.  Its anual return on sales has climbed to 1.1% from the 0.1% recorded the prior year, as underlying profit before tax reached £1.876 million (2019/20: £251,000). Revenues dropped 16% to £165.1m (2019/20: £195.8m), as new car volumes fell 10% and used car volumes slumped 19.4%.  In all, the AM100 dealer group's showrooms were closed for six of the 12 months in its financial year endi...

“With their rich history and excellent reputation, Caffyns will play a vital role in helping us grow our brand presence and customer base in the South of England. “Their appointment is also part of our network growth strategy to ensure that LEVC customers are never further than 45 minutes from a sales and service point​.” Caffyns will provide full sales and after sales support for LEVC’s TX electric taxi and new VN5 electric van, which began production at the company’s EV manufacturing facility in Ansty, Coventry at the end of last year.  Caffyns chief executive, Simon Caffyn,...