Inchcape (INCH)

Sector:

Support

Index:

FTSE 250

802.00p
   
  • Change Today:
    -4.00p
  • 52 Week High: 847.00p
  • 52 Week Low: 624.50p
  • Currency: UK Pounds
  • Shares Issued: 413.01m
  • Volume: 11,312
  • Market Cap: £3,312.32m
  • RiskGrade: 124

Strong demand helps drive Q1 revenues at Inchcape

By Abigail Townsend

Date: Thursday 28 Apr 2022

LONDON (ShareCast) - (Sharecast News) - Inchcape reported a strong start to the year on Thursday, as strong demand continued to outpace supply.
Updating on first quarter trading, the car dealership said group revenue was £1.8bn in the three months to 31 March, up 6% year-on-year, or by 13% on a like-for-like basis.

The group said growth had been driven by strong consumer demand alongside "price mix tailwinds against the backdrop of continuing supply shortages", in both new and used vehicles.

New vehicle order books in a number of markets were at "record" levels, it added.

As a result, Inchcape now expects 2022 pre-tax profits to grow by 25% to "at least" £300m. "So far in 2022, we have experienced a continuation of the trends from last year, with demand ahead of supply and high margins," it noted. "We expect this trend will continue for at least the remained of the year."

Inchcape also confirmed it had sold its Russian business to the local management, for £63m, paid over a period of five years. The deal is expected to close next month.

Duncan Tait, chief executive, said: "Inchcape has made a great start to 2022, with both distribution and retail delivering strong revenue growth and margins.

"Inchcape has a really exciting future and is well positioned to deliver sustainable long-term value for all our stake holders."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Inchcape Market Data

Currency UK Pounds
Share Price 802.00p
Change Today -4.00p
% Change -0.50 %
52 Week High 847.00p
52 Week Low 624.50p
Volume 11,312
Shares Issued 413.01m
Market Cap £3,312.32m
RiskGrade 124

Inchcape Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
6.47% above the market average6.47% above the market average6.47% above the market average6.47% above the market average6.47% above the market average
62.64% above the sector average62.64% above the sector average62.64% above the sector average62.64% above the sector average62.64% above the sector average
Price Trend
60.09% above the market average60.09% above the market average60.09% above the market average60.09% above the market average60.09% above the market average
28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average28.57% above the sector average
Income
72.54% above the market average72.54% above the market average72.54% above the market average72.54% above the market average72.54% above the market average
93.75% above the sector average93.75% above the sector average93.75% above the sector average93.75% above the sector average93.75% above the sector average
Growth
79.01% above the market average79.01% above the market average79.01% above the market average79.01% above the market average79.01% above the market average
75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average75.76% above the sector average

What The Brokers Say

Strong Buy 6
Buy 5
Neutral 0
Sell 0
Strong Sell 0
Total 11
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Inchcape Dividends

  Latest Previous
  Final Interim
Ex-Div 02-May-24 03-Aug-23
Paid 17-Jun-24 01-Sep-23
Amount 24.30p 9.60p

Trades for 17-May-2024

Time Volume / Share Price
08:54 49 @ 802.00p
08:46 20 @ 804.00p
08:28 250 @ 803.31p
08:22 108 @ 804.00p
08:22 4,989 @ 804.00p

Inchcape Key Personnel

Chair Jerry Buhlmann
CEO Duncan Tait
CFO Adrian Lewis

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