Inchcape Cuts Operating Margin Guidance on Australian Underperformance
Inchcape reported third-quarter volumes up 3%, organic revenue growth of 1% and reported revenue growth of 7% to £2.56bn. Total industry volumes rose 9%.
In an update for the third quarter, Inchcape said volumes rose 3%, with organic revenue growth of 1% and reported revenue growth of 7% to £2.56bn. Total industry volumes (TIV) were up 9% in the same period.Volumes in the Americas were up 10%, versus TIV up 24%. Inchcape hailed continued strong mome…