Q3 2023 Inchcape PLC Trading Statement Call Transcript
Thank you, George. Good morning, everyone, and thank you for joining us. I'm joined on the call by our CFO, Adrian Lewis; and our Head of Investor Relations, Rob Gurner. I'll begin by giving an overview of the group's performance and outlook before handing over to Adrian, who will give more details. We'll then take your questions.
Inchcape's strong performance in Q3 was another demonstration of the resilience and diversified nature of our business. We delivered revenue growth of 35% including 10% organic growth. Our distribution business delivered organic growth of 13%. This was supported by continued momentum from APAC with broad-based growth across our markets.
Our performance in Europe was strong, driven by the continued unwind of our order bank, though new consumer demand across Europe remains muted. In the Americas, there was growth in the majority of our markets in the region and we are delivering market share gains and accelerating our cost synergy program this year to offset softer markets in Chile and Colombia.
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