DJ Halfords Group PLC: 20-Week Trading Update: Financial Year 2024 Halfords Group PLC (HFD) Halfords Group PLC: 20-Week Trading Update: Financial Year 2024 06-Sep-2023 / 07:00 GMT/BST=----------------------------------------------------------------------------------------------------------------------
Halfords Group PLC 06-Sep-2023 / 07:00 GMT/BST =---------------------------------------------------------------------------------------------------------------------- 6 September 2023 Halfords Group plc 20-Week Trading Update: Financial Year 2024 Strong market share gains across the Group with +7.8% Group LFL revenue performance.
-- Growth in market share across all categories and ahead of the year one targets underpinning our CMDprojections set out in April. -- Following the Lodge Tyre acquisition in October 2022, our enlarged Commercial Fleet Service business haswon a significant nationwide contract - with Yodel, the UK parcel carrier, providing service support for its entireUK truck and van fleet.
-- As communicated at our FY results in June, we expect our H1 underlying profit to be significantly belowlast year due to changes in the valuation of foreign exchange contracts that are not hedge accounted, and the factthat a greater proportion of our targeted GBP30m cost savings will be delivered in the second half, helping to offsetmaterial cost inflation present throughout FY24.
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