Inchcape announce a declaration of 6.4p interim dividend

DividendMax Ltd.

Inchcape announce a declaration of 6.4p interim dividend

The Inchcape PLC Board has declared an interim ordinary dividend of 6.4p per ordinary share which will be paid on 3 September 2021 to shareholders on the register at close of business on 6 August 2021. The Dividend Reinvestment Plan is available to ordinary shareholders and the final date for receipt of elections to participate is 12 August 2021.

Other financial highlights include:

Group revenue of £3.9bn: up 37% on an organic basis and 30% reported; underlying 3% below 2019 levels

Pre-exceptional PBT of £143m (1H20: £9m), supported by gross margin resilience and overhead savings

Statutory profit before tax of £61m, largely reflects the loss on disposal of part of Retail operations in Russia

1H21 free cash flow of £184m further strengthening their financial position: net cash of £435m (Dec-20: £266m)

Distribution footprint expanded with three new contract awards - including a new OEM relationship (Geely)

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