Inchcape plc (INCH) Q2 2025 Earnings Call

Investor webinar replay

Watch the replay and follow the connected company analysis, news, and investor updates for Inchcape Plc.

Watch the replay

Replay transcript excerpt

WEBVTT 00:00:00.000 -- 00:00:05.820 Good morning, everyone. I'm Duncan Tate, Group CEO, and I'm joined by our Group CFO, 00:00:05.820 -- 00:00:07.920 Adrian Lewis. 00:00:07.920 -- 00:00:13.700 Here's today's agenda. I'll give some context and an overview of first half performance. 00:00:13.700 -- 00:00:18.620 Adrian will then run through our results, and then I'll sum up and discuss our outlook 00:00:18.620 -- 00:00:21.040 for 2025. 00:00:21.280 -- 00:00:25.120 Today's presentation is available on our website, and a recording of today's session 00:00:25.120 -- 00:00:28.080 will be available later today. 00:00:28.080 -- 00:00:32.060 After the presentation concludes, we'll then take your questions. 00:00:32.060 -- 00:00:36.980 Either ask them over the phone line or feel free to post them on our webcast platform, 00:00:36.980 -- 00:00:42.000 and Rob, our head of IR, will ask them on your behalf. 00:00:42.000 -- 00:00:45.000 I'll start with some market context. 00:00:45.000 -- 00:00:50.620 Overall, with TIV, or total industry volumes, in our markets down 2% 00:00:50.620 -- 00:00:56.160 during the period, we operated against a mixed market backdrop, with challenges 00:00:56.160 -- 00:01:01.740 in certain markets offset by more resilient trends in others. 00:01:01.740 -- 00:01:05.700 In the Americas, TIV in our markets were up 5%. 00:01:05.700 -- 00:01:09.140 While we are seeing pockets of strong growth, 00:01:09.140 -- 00:01:13.600 many markets remain at or around historical lows. 00:01:13.600 -- 00:01:18.760 Chile, our largest market by revenue, remains stable, with growth of 00:01:18.760 -- 00:01:23.880 around 2% during the period. There was very strong growth from markets like 00:01:23.880 -- 00:01:29.400 Colombia and Peru, which saw market growth of 23% and 18% 00:01:...