Inchcape 2018 interim results
Encouraging revenue growth of 6.8% in constant currency, and growth of 3.8% in actual currency
Pre-exceptional profit before tax growth of 2% excluding property profit1 at constant currency, with strong Distribution momentum offsetting Retail challenges
Reported profit before tax of £161.2m, down 15.6%
Full year guidance confirmed. Continue to expect solid constant currency profit growth, with H1 overall performance largely as anticipated
Strong performance in core Distribution business, with trading profit up 21% constant currency, supported by strength in Asia
Retail market performance reflects significant vehicle margin pressure, as expected, down 61% in constant currency. Comparatives ease in the second half
New Distribution contracts for Suzuki in Central America, Jaguar Land Rover in Colombia, and BMW in Guam announced since the start of the year
Further new Jaguar Land Rover contract win in Kenya announced today - important strategic development for our African business
Interim dividend per share +13%
