Inchcape has announced a trading update indicating impact of COVID-19 hit most markets in April, but we note the Group is now open in 25 markets vs. 14 on 7 April. Balance sheet liquidity has improved through the eligibility of the CCFF scheme. A through review of costs will now take place, and we are likely to get more colour on this at H1 results.
21 May 2020
Inchcape PLC (INCH LN) - Trading update (January-April 2020)
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Inchcape PLC (INCH LN) - Trading update (January-April 2020)
Inchcape plc (INCH:LON) | 726 10.9 0.2% | Mkt Cap: 2,998m
- Published:
21 May 2020 -
Author:
Rachel Birkett, CFA -
Pages:
3
Inchcape has announced a trading update indicating impact of COVID-19 hit most markets in April, but we note the Group is now open in 25 markets vs. 14 on 7 April. Balance sheet liquidity has improved through the eligibility of the CCFF scheme. A through review of costs will now take place, and we are likely to get more colour on this at H1 results.