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06/09/2014 20:29

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RNS Number : 1458N
Caffyns PLC
24 July 2014 
 
AGM Interim Management Statement 
 
24 July 2014 
 
Richard Wright, Chairman of Caffyns plc ("the "Company"), the automotive
retailer covering seven car franchises from thirteen dealerships in the south
east of England, will make the following Interim Management Statement at the
Company's Annual General Meeting at 2.30p.m. today: 
 
"This Interim Management Statement covers the period from 1 April 2014 to 23
July 2014. 
 
The Company has made an encouraging start to the current financial year, which
ends on 31 March 2015. In the trading quarter to 30 June 2014 (the "Quarter")
we increased new car unit sales on a like for like basis by 3.9%, despite four
of our thirteen showrooms being out of commission due to refurbishment
upgrades.  Used car unit sales increased on a like for like basis in the
Quarter by 14.2%, on top of a strong increase in the corresponding period of
the previous year of 18%. Aftersales revenues were up by 4.2% on a like for
like basis. 
 
The refurbishment at our Vauxhall dealership at Ashford was completed during
the Quarter whilst those at our Audi Eastbourne branch will be completed in
August and at our Skoda/SEAT dealership at Tunbridge Wells in September." 
 
Enquiries: 
 
 Caffyns plc  Simon Caffyn, Chief Executive    Tel:  01323 730201     
              Mark Harrison, Finance Director                       
                                                                      
 HeadLand     Tom Gough                        Tel:  0207 367 5228    
                                                                          
 
 
07717 896701 
 
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