Inchcape Share Discussion Threads

[essentialinvestor] 10/10/2012 11:46

Huge Toyota recall.

[palwing2] 31/7/2012 07:57

EssentialInvestor

Err....after todays results?

[essentialinvestor] 01/6/2012 08:23

Sub £3 on the way?.

[northernlass] 27/5/2012 18:50

Ahead of Expectations

INCHCAPE DRIVES ON

International car dealership Inchcape said this morning that the uneven global recovery in the car industry continued in the first quarter to end-March.

The Group's revenue of £1.561bn was slightly better than expectations with total revenue in line with the same period last year at actual currency (0.9% below in constant currency) and like for like revenue up by 1.4% in actual currency (0.5% ahead of last year in constant currency).

Revenues from new cars were ahead of expectations due to the strong performance of premium and luxury brands both in the UK and in the Russia and Emerging Markets segment. Used car margins remained solid and the Aftersales business continued to perform well.

The UK business delivered a strong first quarter performance with like for like revenues up by 4.9%, ahead of expectations. The used car margin remained solid and the Aftersales business continued to deliver a robust performance.

Against a challenging backdrop, the European business delivered a resilient financial performance in line with expectations. Revenue declines in new car sales were partially offset by a solid Aftersales performance and previously announced cost reduction actions.

In Asia, Inchcape delivered a performance in line with expectations in both Hong Kong and Singapore. Singapore delivered a healthy margin despite restricted supply as the group benefited from strong Aftersales momentum.

In Australia, the demand for new cars remains solid with the new car market up by 4.7% in the first quarter. The business delivered a performance in line with expectations as it successfully launched the new Subaru XV in January. As of the beginning of the second quarter, the supply situation is back to normal following the launch of the new Subaru Impreza.

The performance in the Russia and Emerging Markets segment was slightly ahead of expectations as we delivered revenue growth of 19.5% in the first quarter. Working capital and inventory management are in line with expectations and our financial position remains strong.

Year end net cash guidance remains unchanged at £180m.

André Lacroix, Group CEO, said: 'We have had a good start to the year. The demand for premium and luxury vehicles was ahead of expectations in the UK, which included the important month of March, and in the Russia and Emerging Markets segment. Trading was in line with expectations in Europe, South Asia, North Asia and Australia.

'We continue to expect to deliver a solid trading performance for 2012 as we will continue to benefit from our unique business model and focus on our differentiated Customer 1st strategy.

'We believe that the Group is well positioned moving forward to leverage the many exciting growth opportunities in the premium and luxury segment in our markets.'

Source:

[bigbigdave] 25/3/2012 09:21

Tipped in the Sunday Telegraph

[palwing] 13/3/2012 22:33

Grigor.....and???

[grigor] 13/3/2012 21:53

Long term chart shows an 8 year cycle between peaks

[crosswire] 13/3/2012 14:32

Inchcape is in the fast lane thanks to a Russian surge

James Thompson

13 March 2012

Inchcape, the listed cars dealer, drove an increase in profits last year after it benefited from soaring demand for luxury cars in Asia and other emerging markets.

The company, which operates in 26 markets and has a big online presence, particularly cited strong growth in Russia, where it delivered a 41% rise in operating profit to £20.3 million for the year to December 31.

Inchcape has 22 retail centres in Moscow and St Petersburg, which reflects forecasts that "Russia will be Europe's largest, and the world's fourth-biggest, car market within the next five years", said chief executive Andre Lacroix.

The London-based seller of new and used brands, including Audi, BMW, Jaguar, Rolls-Royce and Lexus, grew its pre-tax profits by 6% to £227.7 million over the year, reflecting improved margins and cost reductions. Its turnover slipped by £1 billion to £5.8 billion.

Inchcape grew its trading profit by 8.1 per cent to £60.4 million in the UK, although its domestic market was put in the shade by rocketing profits in south and north Asia.

Lacroix said: "Notwithstanding challenging trading conditions in the UK and Europe, we expect to deliver a solid performance in 2012.

"We will...benefit from our scale exposure to the fast-growing economies of Asia Pacific and emerging markets, which represent two thirds of the group's earnings."

The total dividend rises to 11p, up from 6.6p in 2010.

[crosswire] 13/3/2012 14:29

Andre Lacroix, Inchcape's Chief Executive said of the firm's outlook:

"Notwithstanding challenging trading conditions in the UK and Europe, we expect to deliver a solid performance in 2012. ... We will benefit from our exposure to the fast growing economies of Asia Pacific and Emerging Markets which represent two-thirds of the group's earnings."

[ninja 19] 13/3/2012 11:13

I took profit in the peak. It's a shame though I thought it would have gapped up in the morning, but opened flat, I was hoping a 7% gap and then spike another 3%

Good luck

[gorse] 13/3/2012 10:08

Oooh, you are awful! But, I like you.

[ninja 19] 13/3/2012 08:29

Fantastic result should head about 5-7% rise today

[barlick] 16/1/2012 17:15

Really surprised how dead this thread is.

No investors with opinions out there? How is a newbie going to learn?

[nellie1973] 04/11/2011 20:10

broker upgrade

[essentialinvestor] 29/7/2011 15:49

Have to say their customer service is exceptional,
streets ahead of anyone else I have dealt with in the sector.

You read the company reports and customer service is mentioned frequently,
well they do what they say on the tin.
Highly rate the CEO.

[essentialinvestor] 29/7/2011 11:17

Interims and outlook.

[bikerserv] 29/7/2011 11:13

why this sudden upsurge?

Anyone know?

[hopperagain] 01/7/2011 09:04

Burning rubber and clear breakout route

[ddahj] 23/5/2011 12:53

and down today. just volatile i guess

[ddahj] 20/5/2011 13:43

inchcape doing well today. anyone know why?

[mtness] 01/4/2011 11:34

Rated as buy in today's Investors Chronicle