Inchcape plc (INCH) Q2 2026 Earnings Call

Investor webinar replay

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Replay transcript excerpt

WEBVTT 00:00:00.031 -- 00:00:05.133 good morning everyone i'm duncan tate group ceo and i'm joined by our group cfo 00:00:05.133 -- 00:00:10.214 adrian lewis here's today's agenda i'll give an overview and market 00:00:10.214 -- 00:00:15.416 context adrian will then run through our results and outlook for the full year 00:00:15.416 -- 00:00:20.778 and i'll give an update on our strategic progress and sum up today's presentation 00:00:20.778 -- 00:00:25.500 is available on our website and a recording of today's session will be available later 00:00:25.500 -- 00:00:26.960 today 00:00:26.960 -- 00:00:30.098 after the presentation we'll take your questions 00:00:30.098 -- 00:00:35.687 so let's begin inchcape continued to deliver on our accelerate plus strategy 00:00:35.687 -- 00:00:40.855 during the first half amid an evolving market backdrop supported by our 00:00:40.855 -- 00:00:45.575 diversified and scaled market and brand portfolio 00:00:45.575 -- 00:00:50.659 Our growth was driven by distribution contracts won in recent years and last year's 00:00:50.659 -- 00:00:56.043 bolt-on acquisition in Iceland. We remained disciplined on capital allocation. 00:00:56.043 -- 00:01:01.527 We completed the acquisition of Silver Star in Bulgaria on 1st July, underlining 00:01:01.527 -- 00:01:06.570 our ongoing focus on value accretive M&A. And we made progress with 00:01:06.570 -- 00:01:11.974 our £175 million share buyback programme launched in March, 00:01:11.974 -- 00:01:18.219 which we have today increased by 75 million pounds to 250 million pounds 00:01:18.219 -- 00:01:23.262 and this highlights our highly cash generative business looking ahead we expect to 00:01:23.262 -- 00:01:28.486 continue to deliver in line with our medium term guidance of greater than 10 percent 00:01...