Following interim results reported last week, with H1 profitability and cash generation ahead of our previously published scenario analysis, we reinstate forecasts for FY20E and beyond today. Inchcape has delivered a resilient performance despite widespread market disruption. Its balance sheet strength creates the potential for further accretive M&A as well as returns to shareholders in the form of buybacks and possible return to the dividend list.
04 Aug 2020
Inchcape plc (INCH LN) - Re-instating forecasts
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Inchcape plc (INCH LN) - Re-instating forecasts
Inchcape plc (INCH:LON) | 726 10.9 0.2% | Mkt Cap: 2,998m
- Published:
04 Aug 2020 -
Author:
Rachel Birkett, CFA -
Pages:
9
Following interim results reported last week, with H1 profitability and cash generation ahead of our previously published scenario analysis, we reinstate forecasts for FY20E and beyond today. Inchcape has delivered a resilient performance despite widespread market disruption. Its balance sheet strength creates the potential for further accretive M&A as well as returns to shareholders in the form of buybacks and possible return to the dividend list.