Last week Inchcape reported strong H1 results, increasing underlying PBT by 52.7% to £184.2m (vs. Zeus £169.9m) and executing on multiple pillars of its strategy. It also announced the proposed £1.3bn acquisition of Derco, Latin America’s largest independent automotive distributor by volume. If approved, the deal would significantly expand the Group’s position in the Americas, an exciting and high-growth market, driving material profit growth for Inchcape. Zeus forecasts will not include this de ....
02 Aug 2022
Inchcape (INCH LN) - Driving towards new heights
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Inchcape (INCH LN) - Driving towards new heights
Inchcape plc (INCH:LON) | 721 -18 (-0.3%) | Mkt Cap: 2,977m
- Published:
02 Aug 2022 -
Author:
Carl Smith, CFA -
Pages:
19
Last week Inchcape reported strong H1 results, increasing underlying PBT by 52.7% to £184.2m (vs. Zeus £169.9m) and executing on multiple pillars of its strategy. It also announced the proposed £1.3bn acquisition of Derco, Latin America’s largest independent automotive distributor by volume. If approved, the deal would significantly expand the Group’s position in the Americas, an exciting and high-growth market, driving material profit growth for Inchcape. Zeus forecasts will not include this de ....