Inchcape plc (INCH) Q3 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to InchCade 2025 Q3 Trading Update. We are now joined today by Duncan Tate, Group Chief Executive, Adrian Lewis, Group Chief Financial Officer, and Rob Garner, Head of Investor Relations. If you would like to ask a question during today's call, please press star 1 on your telephone keypad, or you can submit written questions via the webcast. I would now like to hand the call over to Duncan. Please go ahead. Very good. Thank you, Sergey. And good morning, everyone. And thank you for joining us. I'm here with our CFO, Adrian Lewis, and our Head of Investor Relations, Rob Gurner. I'll give an overview of trading and strategic execution during the quarter before handing over to Adrian for more detail on our regional performance and the outlook, which has remained unchanged since March. We'll then take your questions. Our performance in Q3 was supported by market growth, distribution contract wins and ongoing product launches. However, headwinds remain in Asia. We delivered strong organic revenue growth in the third quarter of 8% and reported growth of 7% against softer comparators and in the context of a market growth of 5%. This reflects the underlying strength and diversification of our business as well as consistent operational execution by our teams. We also continue to make progress against our Accelerate Plus strategy. We further scale the group through the acquisition of Askia in Iceland, an exciting new market for Inchcape, where we are now the market leader. This bolt-on acquisition also helps to further strengthen and diversify our global portfolio of OEMs. Our progress in optimising our business is perhaps most evidenced with the disposal of a retail-only business in Australia, which generated annualised revenue of around £100 million. As we ...