Halfords targets long-term growth as it hails unique platform

Halfords Derby  1

The motoring and cycling retailer issued a roadmap for its mid- to long-term growth as it plans to focus on “leveraging the unique platform” that differentiates it from competitors. 

Halfords said in the mid term it is looking at a sales growth of around £1.9bn and almost doubling its profit before tax to £90m-£110m. The retailer expects an average annual capex of £50-£60m and more than 15% return on capital employed. 

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