Inchcape reiterates FY guidance following 'resilient' H1 performance
Automotive distributor Inchcape Plc reiterated its FY guidance on Thursday after what it called a "resilient operating performance" for the six months ending 30 June.
Inchcape said it had seen "consistent overall total industry volume trends" across its markets throughout H125, with the company being hit with limited tariff-related impacts so far.
On a regional basis, Inchcape reported "continued improvement" in trading and growth in the Americas, while its Australian business were said to be resilient and it saw ongoing headwinds in certain markets in Asia. Operations in Europe and Africa both delivered a continued underlying outperformance of the market.
Looking forward, Inchcape said it continues to expect "another year of growth", with earnings per share growth expected to accelerate, driven by profit growth and on-going share buybacks.
Reporting by Iain Gilbert at Sharecast.com
Disclaimer & Declaration of Interest
The information, investment views and recommendations in this article are provided for general information purposes only. Nothing in this article should be construed as a solicitation to buy or sell any financial product relating to any companies under discussion or to engage in or refrain from doing so or engaging in any other transaction. Any opinions or comments are made to the best of the knowledge and belief of the writer but no responsibility is accepted for actions based on such opinions or comments. Vox Markets may receive payment from companies mentioned for enhanced profiling or publication presence. The writer may or may not hold investments in the companies under discussion.
