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Inchcape PLC (INCH.L)

INCH.L on London Stock Exchange

751.50GBp
20 Jun 2018
Change (% chg)

-1.00 (-0.13%)
Prev Close
752.50
Open
756.00
Day's High
759.00
Day's Low
751.00
Volume
611,835
Avg. Vol
986,010
52-wk High
885.00
52-wk Low
660.50

Latest Key Developments (Source: Significant Developments)

Car dealership Inchcape's revenue rises, full year outlook unchanged
Thursday, 24 May 2018 

May 24 (Reuters) - Inchcape PLC ::GROUP REVENUE £2.99BN, UP BY 2.9% AT ACTUAL CURRENCY AND 6.2% AT CONSTANT CURRENCY . DISTRIBUTI.DISTRIBUTION REVENUE WAS UP BY 4.1% AT ACTUAL CURRENCY AND UP 9.5% AT CONSTANT CURRENCY.RETAIL REVENUE WAS UP BY 1.9% AT ACTUAL CURRENCY AND UP 3.6% AT CONSTANT CURRENCY.CENTRAL AMERICA ACQUISITION WHICH CLOSED 26 MARCH CONTRIBUTED 0.8% TO GROUP REVENUE.I AM PLEASED WITH STRATEGIC PROGRESS WE HAVE MADE IN PERIOD, DESPITE A CHALLENGING MARKET BACKDROP IN SOME REGIONS..OUR PERFORMANCE OVER FIRST FOUR MONTHS OF 2018 IS REFLECTIVE OF TRENDS WE HAD ANTICIPATED AT START OF YEAR AND FOLLOW FROM THOSE SEEN IN LATTER PART OF 2017..OVER PERIOD SALES PERFORMANCE HAS BEEN SOLID, WITH STRENGTH IN EMERGING MARKETS AND AUSTRALASIA OFFSETTING WEAKER PERFORMANCE IN UK & EUROPE.WE EXPECT SOLID PROFIT GROWTH YEAR-ON-YEAR ON A CONSTANT CURRENCY BASIS, REFLECTING OUR RESILIENT ORGANIC GROWTH EXPECTATIONS AND ACCRETION DUE TO CENTRAL AMERICA DISTRIBUTION ACQUISITION..LOOKING BEYOND 2018, INCHCAPE WILL CONTINUE TO BENEFIT FROM ITS GLOBAL DIVERSIFICATION AND SCALE, ITS INCREASING EXPOSURE TO HIGHER GROWTH AND DISTRIBUTION MARKETS, AND FROM ORGANIC AND INORGANIC ELEMENTS OF IGNITE STRATEGY..INCHCAPE IS A STRONGLY CASH GENERATIVE BUSINESS WITH A SOLID BALANCE SHEET..OUR OUTLOOK FOR YEAR IS UNCHANGED..OVERALL, OUR YEAR-TO-DATE PERFORMANCE IS BROADLY CONSISTENT WITH TRENDS AND SHAPE OF OUTLOOK WE EXPECTED FOR 2018 PROFITS..  Full Article

Inchcape To Buy Automotive Distribution Business Grupo Rudelman For $284 Mln
Monday, 26 Mar 2018 

March 26 (Reuters) - Inchcape Plc ::INCHCAPE PLC - ANNOUNCE ACQUISITION OF GRUPO RUDELMAN, AN AUTOMOTIVE DISTRIBUTION BUSINESS IN CENTRAL AMERICA FOCUSED ON SUZUKI.INCHCAPE PLC - DEAL FOR A TOTAL CASH CONSIDERATION OF $284 MILLION ON A CASH-FREE AND DEBT-FREE BASIS..INCHCAPE PLC - DEAL ACCRETIVE TO EARNINGS IN FIRST FULL YEAR POST-ACQUISITION BY MID-SINGLE DIGIT PERCENTAGE.INCHCAPE PLC - DEAL FUNDED FROM EXISTING CASH AND COMMITTED DEBT FACILITIES.INCHCAPE PLC - NO LONGER INTENDS TO CONTINUE WITH SHARE REPURCHASE PROGRAMME WHICH WAS ANNOUNCED ON FEBRUARY 27 TH 2018..  Full Article

Inchcape ‍Says Ken Hanna To Retire As Chairman
Tuesday, 23 Jan 2018 

Jan 23 (Reuters) - Inchcape Plc ::‍ANNOUNCES THAT ITS CHAIRMAN, KEN HANNA, WILL RETIRE AT NEXT AGM ON 24 MAY 2018​.‍NIGEL STEIN WILL SUCCEED KEN AS CHAIRMAN​.  Full Article

UK's Inchcape to buy Central American car dealership business

British car dealership chain Inchcape Plc said on Monday it would buy family-run Grupo Rudelman, an automotive distribution business in Central America, as it looked to strengthen its presence in the emerging markets.