Half Year 2023 Inchcape PLC Earnings Call Transcript
Good morning, everyone, and thank you for joining us for Inchcape's 2023 half-year results. I'm Duncan Tait, Group CEO; and I'm joined by our CFO, Adrian Lewis; and our Americas CEO, Romeo Lacerda. We'll run through our presentation and then take your questions.
The presentation is available on our website, and a recording will follow later today. I will start with the key highlights of our first half-year results. Inchcape produced another excellent performance, driven by acquisitions and strong organic revenue growth. Revenue grew 45% and PBT grew 35%. We saw substantial strategic progress, signing 8 distribution deals and 3 acquisitions. This helped us to further consolidate our position as the global market leader and to drive continued diversification of our geographic footprint. We have been particularly pleased with Derco, which has transformed our market position in the Americas and is already having a positive impact on the wider group by helping us deliver strategic benefits, such as deepening relationships with our key OEM partners.
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