Q3 2020 Inchcape PLC Trading Statement Call Transcript
Hello, and welcome to the Inchcape Q3 Trading Update. My name is Jas, and I'll be your coordinator for today's event. (Operator Instructions) I will now hand you over to your host, Duncan Tait, to begin today's call. Thank you.
Thank you, Jas. Good morning, everyone. Thank you for joining us. As usual, I'm joined by our CFO, Gijsbert de Zoeten; and our Head of Investor Relations, Raghav Gupta. I'll begin by commenting on the group's performance and provide a brief run-through of the key highlights before handing over to Gijsbert, who will cover the regional and financial performance. We will then be happy to take your questions.
As we mentioned in this morning's press release, the Q3 results were ahead of our expectations. And this is a testament both to our resilience and the efforts of everyone across the group. At the headline level, revenues fell 10% on an organic basis. Reported revenues were down 19%, the difference being largely explained by the disposal of several retail operations that took
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