Inchcape reiterates FY guidance following 'resilient' H1 performance

(Sharecast News) - Automotive distributor Inchcape 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