Inchcape has delivered a strong Q1 performance, which is trending ahead of expectations in what we see as a broad-based recovery. There is good evidence that most markets are moving in the right direction leading to sequential revenue progress for Inchcape during the quarter, particularly in Asia, which is a high margin area of the business. We have not taken account of the Russian disposal yet but expect this to be absorbed with stronger than expected trading momentum elsewhere. We believe the ....
29 Apr 2021
Inchcape Plc (INCH LN) - Q1 IMS
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Inchcape Plc (INCH LN) - Q1 IMS
Inchcape plc (INCH:LON) | 726 10.9 0.2% | Mkt Cap: 2,998m
- Published:
29 Apr 2021 -
Author:
Rachel Birkett, CFA -
Pages:
3
Inchcape has delivered a strong Q1 performance, which is trending ahead of expectations in what we see as a broad-based recovery. There is good evidence that most markets are moving in the right direction leading to sequential revenue progress for Inchcape during the quarter, particularly in Asia, which is a high margin area of the business. We have not taken account of the Russian disposal yet but expect this to be absorbed with stronger than expected trading momentum elsewhere. We believe the ....