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Inchcape PLC on Thursday reiterated its full-year outlook after reporting third quarter sales growth amid an improved performance in the Americas. The London-based automotive distribution company reported 8% organic revenue growth in the third quarter, against ‘softer’ comparators, and in line with its expectations. Group revenue of £2.3 billion, was up 7% at constant currency and on a reported basis, supported by market growth, distribution contract wins and on-going product launches. By region the Americas market continues to improve, with performance ahead of the market, while Asia Pacific saw an improved performance relative to the first half. In Europe & Africa, Inchcape said it maintained ‘positive momentum and market outperformance’. The company reiterated its 2025 outlook and continues to expect another year of growth, at prevailing currency rates, including impact of tariffs. Chief Executive Duncan Tait commented: ‘We are pleased with our performance in the third quarter, which was in line with our expectations. Inchcape’s organic revenue growth was supported by market growth, a contribution from distribution contract wins and on-going product launches.’ Tait said the firm continued to make progress against its ’Accelerate+’ strategy, further scaling the group through the acquisition of Askja in Iceland and saw a number of distribution contract wins in the quarter. He said the performance further supports ‘confidence’ for another year of growth in financial 2025, in line with the medium term target to deliver compound annual earnings per share growth of more than 10%. Shares in Inchcape were up 1.8% to 756.00 pence each in London on Thursday. Copyright 2025 Alliance News Ltd. All Rights Reserved.
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