






Half year ended 30 June 2010
Revenue
£988.3m
Adjusted* profit from ops
£29.8m
Adjusted* profit before tax
£22.7m
Profit before tax
21.4m
Basic EPS
3.94p
*Adjusted before amortisation of intangible assets, exceptional items and debt issue costs.

Since the end of the half year, Lookers has continued to outperform the new car market and trading across the Motor Division is ahead of budget. The independent parts division continues to perform well and is showing further significant year on year progress in a market where there are significant growth opportunities.
The strong cashflow demonstrated in the half year has strengthened the balance sheet and the low level of gearing, together with the strong operational performance, therefore allows us to take advantage of selective acquisition opportunities to further improve our franchise representation and add additional complementary businesses to the Parts Division.