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IS HALFORDS ON TRACK FOR ANOTHER IMPRESSIVE YEAR?

<strong>JOHN STEVENSON </strong> KBC PEEL HUNT<br />&ldquo;Halfords announced an adjusted pre-tax profit of &pound;92.4m, in keeping with our forecasts. Cycling and car maintenance continue to deliver healthy sales growth. While the short-term economic environment remains difficult, Halfords aims to open a further 10 stores in the second half of the year.&rdquo;<br /><br /><strong>MANOJ LADWA </strong> ETX CAPITAL<br />&ldquo;On a day when the only way to get to work in London is by bike, it come as no surprise that Halfords is faring well with pre tax profits up to &pound;92.4m. Unlike the rest of the British High Street is has seen a successful store opening programme coupled with Eastern European expansion.&rdquo;<br /><br /><strong>KEITH BOWMAN </strong>HARGREAVES LANSDOWN<br />&ldquo;Although applying a cautious to tone to its outlook comments, Halfords continues to appeal to consumers on both a cost savings and environmental basis, with management further exploiting the group's attractions via an ongoing cost cutting. Net debt has been reduced to &pound;164m from &pound;81.7m.&rdquo;<br /><br /><strong>TONY SHIRET </strong>CREDIT SUISSE<br />&ldquo;The business continues to remain highly cash generative in our view. Leisure and Car maintenance, which account for almost 60 per cent of sales, have continued to perform well, while in-car entertainment, satellite navigation sales remained tough with average price deflation of 20 per cent.&rdquo;<br />