Halfords reports £1 billion annual group revenues, a year earlier than planned

Automotive retail chain Halfords, which includes the growing and increasingly tyre-influenced Halfords Autocentres business, has reported annual group revenues of £1 billion – a year ahead of the company’s plan to reach this milestone. The figures, released on 5 June and followed up with a trading statement on 15 July that pointed to further growth are at least partly driven by the growth of the firm’s online business which saw sales in the year to March 2015 exceed £100 million, representing growth of +14.3 per cent. Indeed, the fourth quarter of 2015 alone saw online sales grow +12.6 per cent. The result is a positive impact on the group’s pre-tax profits (EBITDA), which were up 8.7 per cent.