Inchcape Reports First-Half Revenue Growth Amid Regional Divergence
Inchcape (LON:INCH) reported first-half revenue growth of £4.7 billion, with a 9% increase on a reported basis and an organic rise of 5%. The Americas and Europe and Africa outperformed due to strong market conditions and higher vehicle volumes, while the Asia-Pacific region underperformed, particularly in Australia. Group CEO Duncan Tait highlighted continued execution of the company's Accelerate+ strategy amid global automotive industry shifts. Adjusted operating profit remained flat at £248 million year-over-year as margin pressures from APAC were partially offset by gains elsewhere. Net finance costs rose due to higher interest rates and inventory financing, while free cash flow totaled £84 million in the first half of 2026. The company maintained its full-year outlook despite regional challenges. Chinese OEMs accounted for a significant portion of Inchcape's volumes globally, with growth particularly notable outside BYD and Benelux markets.
Topics: automotive geographic performance profitability revenue growth