INCHCAPE’S A BREXIT BEATER

14.6%

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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’.

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