UK: Poor Profits Predicted for Lex
Lex Service, owners of the RAC breakdown organisation, warned the city and investors of a downturn in profit margins. Blaming this drop on falling prices and a lack of consumer demand, profits are set to fall by £10 million to £54 million according to city analysts. The company said however that its breakdown business performed well since its acquisition of the RAC last year for £315 million.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable