REG - Inchcape PLC - “In the driving seat”

InchcapeAnnouncement

30/06/2022 07:00

For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20220630:nRSd6974Qa&default-theme=true

RNS Number : 6974Q  Inchcape PLC  30 June 2022

30 June 2022

 

This announcement contains inside information

Inchcape plc

"In the driving seat" investor and analyst webinar: Spotlight on Inchcape
Americas

 

Inchcape plc, the leading global automotive distributor, today holds the first
in a series of deep dives into different parts of the business for investors
and analysts. The series, called "In the driving seat", follows the unveiling
of the Group's Accelerate strategy at its 2021 Capital Markets Day. Today's
event, hosted by Group Chief Executive Duncan Tait and Romeo Lacerda, CEO
Americas and Africa, will focus on Inchcape's Americas business, one of the
Group's fastest growing regions.

 

The webinar will provide more detail on Inchcape's leading position and the
drivers of its strong growth in the Americas, which has seen revenue grow from
£0.2bn (2% of Group revenue) in 2016, to £1.2bn (16% of Group revenue)
today. The presentation will also cover the exciting growth prospects for the
region, encompassing both the core distribution business and Vehicle Lifecycle
Services, the fundamental growth pillars of the Accelerate strategy.

 

Inchcape is confident that the Americas will continue to be a strong and
profitable growth driver for the Group.

 

Details of the webinar are below:

 

 Date:           Thursday 30(th) June 2022
 Time:           14:00 UK - 15:15 UK
 Link to event:  https://www.lsegissuerservices.com/spark/Inchcape/events/a67da63d-7230-4833-a839-e38e265ea4db
                 (https://urldefense.com/v3/__https:/www.lsegissuerservices.com/spark/Inchcape/events/a67da63d-7230-4833-a839-e38e265ea4db__;!!Cx6w5kGySA!2sgKaCiMpJDUbisPWZbGpwYiCU7ug63MznefxGMowbDSkdM2rV3nco-pS63zHolPEHIxUGTubnr2Zs-ZrUoCKde86Zx372sUloPZ$)

 

A replay of the webinar will be available via the Company's website,
www.inchcape.com
(https://urldefense.com/v3/__http:/www.inchcape.com__;!!LSAcJDlP!3EBpww7Wi_l0D1I8ZPaUESzmzf5Bj38fIwcksvv9BjyBuWgUqzzkTIqBAFMPZxEyOCmR3eNtu5r8m1YwAfA02p1r$)
.

 

Ends

 

Inchcape plc - Investor Relations

Raghav Gupta-Chaudhary +44 (0)7933 395 158, investors@inchcape.com
(mailto:investors@inchcape.com)

 

 

Media enquiries (Brunswick Group)

Kate Holgate / Helen Smith +44 (0)20 7404 5659, inchcape@brunswickgroup.com
(mailto:inchcape@brunswickgroup.com)

 

 

About Inchcape

Inchcape is the leading independent multi-brand global automotive distributor,
operating in over 40 markets and territories with a portfolio of the world's
leading automotive brands. Inchcape has diversified multi-channel revenue
streams including sale of new and used vehicles, parts, service, finance and
insurance. The Company has been listed on the London Stock Exchange (INCH)
since 1958, and is classified within the 'Business Support Services' sector.
The Group is headquartered in London and employs around 14,500 people
globally. www.inchcape.com (http://www.inchcape.com)

 

 

About Inchcape Americas

Inchcape Americas was established in 1993, initially distributing BMW vehicles
and parts in Chile and Peru. The business has since expanded significantly,
catalysed by the acquisition of Indumotora in 2016 which provided a platform
for growth in the region. It now distributes vehicles and parts in 11 markets
across South and Central America, for a much larger portfolio of OEMs: BMW,
Mercedes-Benz and Daimler, Subaru, Suzuki, DFSK, Jaguar, Land Rover, Geely,
Porsche, Volvo and various commercial vehicle partners.

 

The Americas is one of the Group's fastest growing regions. This is in part
due to the current low motorisation rates (number of vehicles per capita),
which is expected to rise considerably as the economies continue to prosper.
In addition, the business has a solid track record of growing by acquisition
and given the highly fragmented nature of the sector (hundreds of independent,
family-owned, distributors), the expectation is for continued inorganic
growth.

 

The business is headquartered in Santiago, Chile and employs around 3,000
people across the region.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  MSCSESFIUEESEDM