Inchcape Plc Revenue for 1 July 2019 to 30 September 2019 Period Rises to £2.4 Billion

  • Nov 07, 2019 GMT
  • Team Kalkine
  • Inchcape Plc (INCH) has announced the trading update for the period from 1 July 2019 to 30 September 2019.
  • The company reported good growth in group revenue of 5 per cent in actual currency and 3 per cent in constant currency to £2.4 billion.
  • Revenue from Distribution segment was up by 8 per cent in actual currency and 5 per cent in constant currency, while Retail revenue was up 2 per cent in actual currency and 1 per cent in constant currency for the reported period.
  • The company expects the H2 underlying profit performance to be stronger than H1 and excluding the AUD/JPY headwind, the company is expecting a resilient constant currency profit performance for 2019.
  • On 7th November 2019, at the time of writing, GMT 08:06 AM, INCH shares were trading at GBX 633.00, down by 7.00 points or 1.09 per cent against the previous day closing price.

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