{"id":1723,"date":"2015-03-12T10:46:29","date_gmt":"2015-03-12T10:46:29","guid":{"rendered":"https:\/\/dev.lnetdev.uk\/thevra2026\/?p=1723"},"modified":"2015-03-12T10:46:29","modified_gmt":"2015-03-12T10:46:29","slug":"car-dealer-group-inchcape-reveals-results-2014","status":"publish","type":"post","link":"https:\/\/dev.lnetdev.uk\/thevra2026\/car-dealer-group-inchcape-reveals-results-2014\/","title":{"rendered":"Car dealer group Inchcape reveals results for 2014"},"content":{"rendered":"

Car dealer group Inchcape has announced its results, reporting a fifth consecutive year of double-digit earnings growth.<\/p>\n

Key Financial Highlights<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
<\/td>\n\n

Year ended\u00a0?2014\u00a0?\u00a3m\u00a0<\/strong><\/p>\n<\/td>\n

\n

Year ended\u00a0?2013\u00a0?\u00a3m\u00a0<\/strong><\/p>\n<\/td>\n

\n

% change\u00a0<\/strong><\/p>\n<\/td>\n

\n

% change \u00a0?in constant \u00a0?currency<\/strong><\/p>\n<\/td>\n<\/tr>\n

Sales\u00a0<\/strong><\/td>\n\u00a02,472.8\u00a0\u00a0<\/strong><\/td>\n\u00a02,224.3<\/td>\n11.2<\/td>\n11.2<\/td>\n<\/tr>\n
Distribution<\/td>\n\u00a051.4\u00a0\u00a0<\/strong><\/td>\n\u00a041.3<\/td>\n24.5<\/td>\n24.5<\/td>\n<\/tr>\n
Retail<\/td>\n\u00a02,421.4\u00a0\u00a0<\/strong><\/td>\n\u00a02,183.0<\/td>\n10.9<\/td>\n10.9<\/td>\n<\/tr>\n
Like for like sales\u00a0<\/strong><\/td>\n\u00a02,394.3\u00a0\u00a0<\/strong><\/td>\n\u00a02,121.0<\/td>\n12.9<\/td>\n12.9<\/td>\n<\/tr>\n
Distribution<\/td>\n\u00a051.4\u00a0\u00a0<\/strong><\/td>\n\u00a041.3<\/td>\n24.5<\/td>\n24.5<\/td>\n<\/tr>\n
Retail<\/td>\n\u00a02,342.9\u00a0\u00a0<\/strong><\/td>\n\u00a02,079.7<\/td>\n12.7<\/td>\n12.7<\/td>\n<\/tr>\n
Trading profit\u00a0<\/strong><\/td>\n65.2\u00a0\u00a0<\/strong><\/td>\n63.3<\/td>\n3.0<\/td>\n3.0<\/td>\n<\/tr>\n
Distribution<\/td>\n\u00a010.4\u00a0\u00a0<\/strong><\/td>\n\u00a08.6<\/td>\n20.9<\/td>\n20.9<\/td>\n<\/tr>\n
Retail<\/td>\n\u00a054.8\u00a0\u00a0<\/strong><\/td>\n\u00a054.7<\/td>\n0.2<\/td>\n0.2<\/td>\n<\/tr>\n
Trading margin %\u00a0<\/strong><\/td>\n2.6\u00a0<\/strong><\/td>\n2.8<\/td>\n(0.2)ppt<\/td>\n(0.2)ppt<\/td>\n<\/tr>\n
Distribution %<\/td>\n20.2\u00a0<\/strong><\/td>\n20.8<\/td>\n(0.6)ppt<\/td>\n(0.6)ppt<\/td>\n<\/tr>\n
Retail %<\/td>\n2.3\u00a0<\/strong><\/td>\n2.5<\/td>\n(0.2)ppt<\/td>\n(0.2)ppt<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Group chief executive of Inchcape plc Andr\u00e9 Lacroix said: \u201cInchcape\u2019s strategic partnerships with the world\u2019s leading premium and luxury brands and differentiated customer-first strategy have enabled us to seize the exciting growth opportunities in the global automotive industry and to outperform through leveraging unique local drivers in a number of our important markets.<\/p>\n

\u201cThe acceleration of like for like sales momentum in 2014 has delivered a fifth consecutive year of double-digit earnings growth and a step-up in cash generation through our consistent operational discipline on costs and cash.<\/p>\n

\u201cThe group\u2019s commitment to delivering value creation for our stakeholders is built on a foundation of disciplined capital allocation. We have invested in developing a strong digital presence, world-class IT infrastructure and state-of-the-art retail centres to support our organic growth. Inchcape\u2019s robust cash generation has enabled a further \u00a3181.5million to be returned to our shareholders in 2014 through dividends and share buy backs.<\/p>\n

\u201cThe group has a track record of delivering sustainable earnings growth with a high return on capital employed and we believe our distinctive strength across primarily small and medium size markets in both vehicle sales and aftersales will continue to drive consistent returns for our shareholders.<\/p>\n

\u201cWe have good visibility across our markets and categories and, notwithstanding an uncertain geopolitical environment in some of our markets, we expect to deliver a robust underlying constant currency performance in 2015.\u201d<\/p>\n

The group expects solid fundamentals of the UK economy, coupled with factors unique to the automotive market, such as PCP financing, to support further industry growth in 2015.<\/p>\n","protected":false},"excerpt":{"rendered":"

Car dealer group Inchcape has announced its results, reporting a Read More…<\/a><\/p>\n","protected":false},"author":4,"featured_media":1726,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[37],"tags":[189],"class_list":["post-1723","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry-news","tag-inchcape"],"acf":[],"_links":{"self":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/1723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/comments?post=1723"}],"version-history":[{"count":0,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/posts\/1723\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/"}],"wp:attachment":[{"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/media?parent=1723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/categories?post=1723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dev.lnetdev.uk\/thevra2026\/wp-json\/wp\/v2\/tags?post=1723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}