INCHCAPE’S A BREXIT BEATER
MULTI-BRAND CAR distributor and retailer
Inchcape’s (INCH) sales sped 14.6% higher to £2.3bn in a strong third quarter, the top line boosted by weak sterling and a South American distribution acquisition made at the end of 2016. Stripping this deal out, revenues still rose 9.4% higher. Inchcape grew in all regions, notably in emerging markets.
This performance demonstrates the advantages of Inch cape’ s global diversification and distribution focused business model, at a time when the UK car market is slowing and Inchcape flags ‘continued margin pressures in some retail markets’.