Resultados del 1er trimestre
Symrise AG
€103.10
16:45 07/05/24
25 de abril de 2024
Inchcape plc, the leading global automotive distributor, announces its Q1 trading update covering the period from 1 January to 31 March 2024
All figures and comments based on a continuing operations basis (i.e. excluding UK Retail, which is a discontinued operation).
Actualización comercial del primer trimestre de 1
Positive start to the year, major strategic progress
· Good revenue growth, outperforming our markets:
o Group revenue of £2.3bn1, with 5% reported growth
o Organic and acquired growth, partly offset by translational currency headwinds
o Further momentum in APAC, with broad-based organic growth across our markets, supported by acquisitions
o Continued outperformance in Europe, driven by order bank unwind
o Key markets stabilising in the Americas
· Inchcape becomes a pureplay Distribution business:
o Agreed divestment of UK retail operations for cash consideration of £346 million
o £100m share buyback announced, to commence on completion of transaction
o Continued expansion of Inchcape's market-leading Distribution business:
§ Positive contribution to growth from recent Distribution contract wins
§ New Distribution contract wins - Ford in Estonia and Forland (Commercial Vehicles) in Ecuador
· Outlook reiterado (on a continuing operations basis):
o Moderated growth for the Group in FY 2024, a moneda constante
o Growth to return to higher levels over the medium to long term
Duncan Tait, director ejecutivo del grupo, comentó:
"Our positive start to 2024 reflects the underlying quality of our business and we have confidence in, and we have reiterated, our outlook for the year.
"We recently announced an agreement to divest our UK Retail business. This transaction will complete our strategic transformation into a pureplay Distribution business which is capital light, highly cash generative, higher margin and globally diversified.
"With our global market leadership position, digital and data capabilities to support our OEM partners, our Distribution platform is well positioned for the future, and we remain confident about the medium to long-term outlook for the Group."
Q1 2024 revenue YoY% | reportado | Efectos constantes | Organic2 |
| Q1 | Q1 | Q1 |
Grupo procesos1 (operaciones continuas) | + 5% | + 11% | + 6% |
Operaciones discontinuadas1 | (5)% | (5)% | (5)% |
1: Our UK Retail business has been treated as asset-held-for-sale and a discontinued operation, and has therefore been removed from the current and comparative periods. Our Retail business in Poland has been consolidated within our Distribution segment.
2: Organic growth is defined as sales growth in operations that have been open for at least a year at constant foreign exchange rates.
Q1 2024 trading overview
The following commentary covers the period from 1 January to 31 March 2024. Unless otherwise stated, all figures are quoted on an organic basis.
Grupo procesos revenue increased 5% on a reported basis during the period. This reflected 6% organic growth and a 5% contribution from recent bolt-on acquisitions in APAC, offset by (6)% translational currency headwinds:
· | En Américas, key markets are stabilising, with continued growth in Central Americas. |
· | Strong momentum in APAC, with broad-based growth across a number of markets, including Hong Kong and Singapore. The region also benefitted from the contribution from acquisitions made in FY 2023. |
· | El Europa y Africa region outperformed, with accelerated supply supporting an order bank unwind in certain markets in Europe, against a backdrop of muted new consumer demand. |
On 15 April 2024, the Group announced that it had signed an agreement to divest its UK Retail business to Group 1 for cash consideration of £346m. The transaction is expected to complete in Q3 2024, subject to FCA approval.
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Conferencia telefónica hoy
Hoy, jueves 25 de abril, a las 08:30 (hora del Reino Unido), se celebrará una conferencia telefónica para analistas e inversores.
Detalles de acceso telefónico: + 44 (0) 33 0551 0200
Password (if prompted): Quote 'Inchcape Q1 Results' when prompted by the operator.
Detalles del webcast: To register for the webcast of the event please follow este enlace. A replay of the call will be available via the Company's website, www.inchcape.com mas tarde, hoy.
Calendario financiero
Ex-dividend date for 2023 full year dividend | 2nd Mayo 2024 |
Grabar fecha | 3rd Mayo 2024 |
Reunión general anual | 9th Mayo 2024 |
In the driving seat webinar: Our Distribution Model | 23rd Mayo 2024 |
Last election date | 24th Mayo 2024 |
Fecha de pago | 17th Junio 2024 |
H1 2024 Interims Announcement | 30th Julio 2024 |
Actualización comercial del primer trimestre de 3 | 24th Octubre 2024 |
Contacto
Inchcape plc (Investor queries): | |||
Rob Gurner | 44 0 7825 189 088 | ||
Krishma Arora | |||
Dentons Global Advisors (media enquiries): | |||
James Melville Ross | +44 0 20 7038 7419 | ||
James estilos | |||
leah dudley |
Sobre Inchcape
Inchcape es el distribuidor automotriz líder a nivel mundial, con operaciones en seis continentes.
Al combinar nuestra experiencia en el mercado con nuestra tecnología única y análisis de datos avanzados, creamos experiencias innovadoras para los clientes que brindan un rendimiento excepcional a nuestros socios, construyendo marcas automotrices más sólidas y generando un crecimiento sostenible.
Our distribution platform connects the products of mobility company partners with customers, and our responsibilities span product planning and pricing, import and logistics, brand and marketing to operating digital sales, managing physical sales and aftermarket service channels.
Cumplir con nuestros socios, nuestros clientes y nuestra gente, para que puedan hacer realidad sus ambiciones en el nuevo mundo de la movilidad.
El grupo tiene su sede en Londres y emplea a unas 22,000 personas en todo el mundo.
www.inchcape.com
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