Highlights
Inchcape plc, the leading premium automotive group, announces its half year results for the six months ended 30 June 2014.
Broad based growth across markets and categories, like for like constant currency revenue growth of 8.3%
Return to growth in the important markets of Singapore and Greece
Strong free cash flow generation
Capital allocation discipline delivering shareholder value, Singapore property disposal proceeds of £21.6m
Financial highlights:
Reported sales £3.3bn, up 9.2% in constant currency and up 0.7% in actual currency
Pre-exceptional PBT £162.1m¹ (2013 H1: £147.0m2), up 22.5% in constant currency and up 10.3% in actual currency
Reported EPS 27.1p (2013 H1: 21.2p), up 27.8%
Net cash position: £160.1m (2013 H1: £189.1m)
Interim dividend of 6.3p (2013 H1: 5.7p)
New £100m share buy back programme over the next 12 months
