In addition the company plans to continue to expand its tyre management fleet programme under which Kwik-Fit Fleet handles, on an exclusive basis, the tyre programmes for some of the UK's largest fleets including Lex Vehicle Leasing, Cowie Interleasing and Autolease. Kwik-Fit also intends to further develop its telemarketing insurance operation.
Kwik-Fit group turnover increased 9% to £240 million (1996: £220 million) with operating profit up 29% to £27.2 million (1996: £21.1 million) and pre-tax profits up 17% to £25.1 million (1996: £21.5 million).
The company currently has 888 tyre, exhaust and brake fitting centres of which 732 are in the UK and Ireland with 156 in Holland and Belgium, 145 mobile fitting vehicles which will reach 200 in the next six months, 25 trade distribution outlets in Holland, a 25% equity holding in Apples Car Clinics, a car servicing and MoT specialist operating from 75 centres, a 33% equity holding in Hometune Motoring Services which operates 92 mobile units and Kwik Fit Insurance Services.
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