17th Nov 2021 10:43
Inchcape PLC - London-based automotive retailer and distributor - Outlines brief medium-term targets ahead of Capital Markets Day in London on Wednesday. New strategy, Accelerate, to focus on Distribution Excellence and Vehicle Lifecycle Services arm. Plans mid-to-high single digit compound annual profit growth rate at Distribution Excellence in medium-term. At Vehicle Lifecycle Services, incremental profit of over GBP50 million is targeted in medium-term.
"Inchcape is on an exciting growth journey. Our ambition is to leverage our global leading position, and become the undisputed distributor of choice for OEMs," Inchape says.
Current stock price: 842.50 pence
Year-to-date change: up 31%
By Eric Cunha; [email protected]
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