Inchcape has delivered a strong set of H1 results, which are 13% ahead of our forecasts at the adjusted PBT level. The Group is seeing strong growth across the group and the operational disciplines put in place are also driving clear margin improvements. New contracts have been awarded, cash generation is very strong and a new £100m share buyback programme has been launched. We will be upgrading our forecasts by at least 10% post the analyst meeting, and we believe Inchcape continues to be well ....
29 Jul 2021
Inchcape PLC (INCH LN) - H1 results – progress on all fronts
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Inchcape PLC (INCH LN) - H1 results – progress on all fronts
Inchcape plc (INCH:LON) | 726 -50.8 (-1.0%) | Mkt Cap: 2,997m
- Published:
29 Jul 2021 -
Author:
Rachel Birkett, CFA -
Pages:
3
Inchcape has delivered a strong set of H1 results, which are 13% ahead of our forecasts at the adjusted PBT level. The Group is seeing strong growth across the group and the operational disciplines put in place are also driving clear margin improvements. New contracts have been awarded, cash generation is very strong and a new £100m share buyback programme has been launched. We will be upgrading our forecasts by at least 10% post the analyst meeting, and we believe Inchcape continues to be well ....