Inchcape turned in a ‘resilient’ efficiency in Q3 with revenues up 2% to £2.2bn.
The group, now a pureplay distribution enterprise stated it had delivered a ‘robust’ efficiency in Europe.
The group received 9 distribution contracts within the full yr 2024, together with 5 in H2 and stated its stability sheet had been strengthened by the disposal of its UK retail enterprise.
It stated it was making good progress with its £150m share buyback programme, with roughly £83m in shares acquired thus far and anticipated to finish throughout Q1 2025
Duncan Tait, Group Chief Government, stated: “Towards a fast-moving international automotive atmosphere, Inchcape delivered a resilient efficiency, capitalising on our market-leading, international scaled distribution platform, our diversified portfolio, and the distinctive operational execution of our regional groups.
These contracts, together with our wholesome pipeline of bolt-on acquisitions, will proceed to assist the enterprise as we develop in current markets by constructing market share, increase into new markets and develop our OEM associate portfolio to drive development and worth.
