Inchcape has delivered FY 2019 results 5% ahead of our forecasts at the adjusted PBT level, following a mixed 2019. The impact of the Yen had been well flagged with clear headwinds in Singapore, Hong Kong and Chile. That said, the performance in Europe appears to be picking up and is encouraging. The impact of the Coronavirus is unclear at this stage, and we maintain our forecasts for now. We continue to believe Inchcape is well placed over the medium term and note its new £150m share buyback pr ....
27 Feb 2020
Inchcape PLC (INCH LN) - Final Results
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Inchcape PLC (INCH LN) - Final Results
Inchcape plc (INCH:LON) | 726 0 0.0% | Mkt Cap: 2,997m
- Published:
27 Feb 2020 -
Author:
Rachel Birkett, CFA -
Pages:
3
Inchcape has delivered FY 2019 results 5% ahead of our forecasts at the adjusted PBT level, following a mixed 2019. The impact of the Yen had been well flagged with clear headwinds in Singapore, Hong Kong and Chile. That said, the performance in Europe appears to be picking up and is encouraging. The impact of the Coronavirus is unclear at this stage, and we maintain our forecasts for now. We continue to believe Inchcape is well placed over the medium term and note its new £150m share buyback pr ....