Inchcape PLC (LSE:INCH)

£ 7.395 0.01 (0.14%) Market Cap: 2.96 Bil Enterprise Value: 3.95 Bil PE Ratio: 11.95 PB Ratio: 2.16 GF Score: 77/100

Q3 2021 Inchcape PLC Trading Statement Call Transcript

Oct 28, 2021 / 07:30AM GMT

Release Date Price: £8.22 (+1.99%)

Transcript

Operator

Hello, and welcome to the Inchcape Third Quarter 2021 Trading Update Analyst Conference Call. My name is Molly, and I'll be your coordinator for today's event. Please note that this call is being recorded. (Operator Instructions) I will now hand you over to your host, Duncan Tait, to begin today's conference. Thank you. .

Duncan Tait

Inchcape plc - Group CEO & Director

Thanks very much, Molly. Good morning, everyone. Thank you for joining us. As usual, I'm joined on the call by our CFO, Gijsbert de Zoeten, and our Head of Investor Relations, Raghav Gupta. I'll begin by commenting on the group's performance before handing over to Gijsbert, who will give you more details. We'll then be happy to take your questions.

As mentioned in this morning's announcement, the Q3 results were ahead of our expectations, demonstrating the group's continued strong performance. Revenue increased 10% on an organic basis versus the same period last year. When compared to the third quarter of 2019, group revenue was 2% lower, a really pleasing performance in the context

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