Earlier this week, Marshalls reported exceptional performance due to unprecedented market conditions and a strong market outperformance. The company reported record underlying profit before tax of £38.4 million.
Daksh Gupta, Chief Executive Officer, said: “The Group’s record performance in the first half of the year was exceptional. Whilst we acknowledge that this has been largely driven by unprecedented market conditions, particularly the used car market, we are proud of the contribution of our operational teams across the country for another period of strong market outperformance.
“There remains a high level of uncertainty over the second half of 2021 and into 2022 given well documented vehicle supply issues, an expected realignment of used vehicle values (the timing of which is uncertain) and the continuing impact of the COVID-19 pandemic. Given these uncertainties, there remains a range of possible outcomes for the year, however, the Board expects that continuing underlying profit before tax for 2021 will be not less than £40 million.”