Inchcape plc (INCH) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

good morning everyone i'm duncan tate group ceo and i'm joined by our group cfo adrian lewis here's today's agenda i'll give an overview and market context adrian will then run through our results and outlook for the full year and i'll give an update on our strategic progress and sum up today's presentation is available on our website and a recording of today's session will be available later today after the presentation we'll take your questions so let's begin inchcape continued to deliver on our accelerate plus strategy during the first half amid an evolving market backdrop supported by our diversified and scaled market and brand portfolio Our growth was driven by distribution contracts won in recent years and last year's bolt-on acquisition in Iceland. We remained disciplined on capital allocation. We completed the acquisition of Silver Star in Bulgaria on 1st July, underlining our ongoing focus on value accretive M&A. And we made progress with our £175 million share buyback programme launched in March, which we have today increased by 75 million pounds to 250 million pounds and this highlights our highly cash generative business looking ahead we expect to continue to deliver in line with our medium term guidance of greater than 10 percent eps growth this slide shows the key developments in our industry and how inchcape is addressing these trends through our agile approach across our scaled and diversified business Firstly, our industry is evolving at pace, with the rise of Chinese OEMs and an acceleration of the adoption of their products around the world. These OEMs, many of whom Inchcape has close relations with, are challenging the industry status quo. Traditional players are now looking for new ways to enhance competitiveness, including collaborating with the...