London · Delayed Price · Currency is GBP · Price in GBX Inchcape Earnings Call Transcripts
Fiscal Year 2026
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Q1 revenue rose 8% to £2.3bn, with organic growth of 6% and volumes up 9% year-over-year, led by Americas strength and new contracts. APAC underperformed due to competition and macro softness, but management actions are expected to support H2. Guidance for >10% EPS growth and 6% margins reiterated.
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Strong 2025 results were driven by record performances in key regions, robust free cash flow, and disciplined capital allocation. Strategic execution included new OEM contracts, AI-driven optimization, and cost controls. 2026 guidance targets continued growth, resilient margins, and >10% EPS growth, with performance skewed to H2.
Fiscal Year 2025
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Strong 2025 results with record PBT in Americas and Europe & Africa, resilient margins, and 13% EPS growth. 2026 guidance targets continued growth, robust cash flow, and >10% EPS increase, with performance skewed to H2 and ongoing focus on aftersales and cost actions.
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Q3 saw 8% organic revenue growth and 13% volume growth, driven by contract wins and product launches, with strong performance in the Americas and Europe offsetting headwinds in Asia. The outlook for 2025 remains positive, targeting over 10% EPS CAGR.
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First half revenue declined 4% in constant currency, but EPS rose 2% due to share buybacks. Guidance for 2025 is reiterated, with stronger growth expected in H2, supported by new product launches and ongoing cost management.
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Q1 2025 results met expectations with market share gains and seven new contract wins, despite a 5% organic revenue decline. Guidance for 2025 is unchanged, with growth expected in H2, and the share buyback program is progressing.
Fiscal Year 2024
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Delivered 4% revenue and 5% PBT growth in 2024, with record contract wins and a focus on capital-light distribution. Announced a GBP 250 million share buyback and set targets for over 10% annual EPS growth and GBP 2.5 billion free cash flow by 2030.
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Accelerate Plus strategy targets 10% market share in key markets, leveraging organic growth, acquisitions, and technology to drive scale, optimize operations, and enhance value-added services. APAC is a major growth focus, supported by digital platforms and sustainability initiatives, with ambitions to double regional business size.
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Q3 saw 2% revenue growth in constant currency, driven by new contracts and strong execution, despite FX headwinds. Europe and APAC performed well, while Americas stabilized. Outlook for 2024 is reiterated, with disciplined capital allocation and a robust acquisition pipeline.
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Divestment of the UK retail business marks a shift to pure-play distribution, with strong H1 2024 results: 8% revenue growth, robust free cash flow, and an increased £150 million share buyback. APAC and Europe outperformed, while Americas faced volume declines but stabilized.