REG - Inchcape PLC - Trading Statement

InchcapeAnnouncement

26/06/2025 07:00

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RNS Number : 4460O  Inchcape PLC  26 June 2025

26 June 2025

 

 

Pre-close trading update

 

Resilient operating performance, outlook reiterated

 

Inchcape plc, the leading global automotive distributor, today provides an
update on trading, ahead of the announcement of the Group's results for the
half year ending 30 June 2025, to be published on 29 July 2025.

 

o H1 2025 - resilient operating performance, with continued mixed market
momentum and translational currency headwinds:

o  Consistent overall TIV(1) trends across Inchcape's markets throughout H1
2025, with limited tariff-related impact so far

o  Regional operational performance:

§ Americas: continued improvement in trading and growth

§ APAC: Australia resilient, with on-going headwinds in certain markets in
Asia

§ Europe & Africa: continued underlying outperformance of the market

o  Further strategic momentum, with nine distribution contract wins in the
year-to-date, including two additional awards(2) during Q2 2025

o  Continued translational currency headwinds in key currencies

o  On-going focus on proactive inventory management, cost discipline and
capital allocation

 

o  FY 2025 outlook - reiterated:

o  Continue to expect another year of growth, including:

§ Expected impact of tariffs on supply, demand and competitive environment in
Inchcape's markets

§ Product cycles skewing growth to H2

o  Higher EPS growth expected, driven by profit growth and on-going share
buybacks

o  c.£150m of the £250m share buyback programme completed, equivalent to
approximately 7% of the Group's shares in issue, repurchased

 

1. Total Industry Volumes in Inchcape's markets (excluding Thailand and
Argentina, which are substantial markets where Inchcape volumes are
immaterial)

2. New Holland in Kenya and DFSK in Honduras

 

 

Financial calendar

 2025 Interim results    29(th) July 2025
 Q3 trading update       23(rd) October 2025

 

Contacts

 Inchcape plc (Investor queries):
 Rob Gurner                            +44 (0)7825 189 088    investors@inchcape.com (mailto:investors@inchcape.com)
 Krishma Arora

 DGA (media enquiries):
 James Melville Ross                   +44 (0)20 7038 7419    inchcape@dgagroup.com (mailto:inchcape@dgagroup.com)
 James Styles

 

About Inchcape

Inchcape is the leading global automotive distributor, with operations across
six continents. Inchcape works with our mobility company partners in smaller,
more complex and harder-to-reach markets, which tend to be higher growth with
low motorisation rates. By combining our in-market expertise with our unique
technology and advanced data analytics, we create innovative customer
experiences that deliver outstanding performance for our partners - building
stronger automotive brands and creating sustainable growth.

 

Our distribution platform connects the products of mobility company partners
with customers, and our responsibilities span product planning and pricing,
import and logistics, brand and marketing to operating digital sales, managing
physical sales and aftermarket service channels. Delivering for our partners,
our customers and our people - so they can realise their ambitions in the new
world of mobility. The Group is headquartered in London and employs over
17,000 people globally.

 

www.inchcape.com (http://www.inchcape.com/)

 

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