HR Owen leads strong returns for European car retailers.(News)

Automotive News Europe,  April, 2007  

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Byline: Sylviane de Saint-Seine

European car-retailing shares rose 13.69 percent on average in the first quarter, with HR Owen showing the strongest quarterly gain.

The British luxury-car retailer posted a 60.02 percent return in the quarter on anticipation that the company would pay [pounds sterling]11.8 million (about [euro]17.3 million) to shareholders. The one-time payout, which would equal 50 pence a share, was expected to take place by mid-April.

HR Owen, which finished last in the shareholder-value league table for the fourth quarter of 2006, swung to a pretax profit ...

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