**Inchcape PLC Q3 2025 Trading Update Summary**
Inchcape PLC, a leading global automotive distributor, released its Q3 2025 trading update on October 23, 2025, highlighting strong performance and reaffirming its FY 2025 guidance. Key points include
1. **Performance Highlights**
**Organic Revenue Growth**: 8%driven by market growthdistribution contract winsand product launches.
**Group Revenue**£2.3 billion, up 7% at constant currency and reported basis.
**Volumes**Up 13%, outpacing Total Industry Volumes (TIV) growth of 5% in Inchcape markets.
2. **Regional Performance**
**Americas**Outperformed improving market conditions.
**APAC**Showed improvement compared to H1, despite continued headwinds in Asia.
**Europe & Africa**Maintained positive momentum and market outperformance.
3. **Strategic Progress**
**Accelerate+ Strategy**Executed through acquisitions (e.g., Askja in Iceland) and distribution contract wins (e.g., GAC AION in Greece).
**Portfolio Optimisation**Exited non-core contracts (Geely in Ecuador, Guatemala, El Salvador, and DFSK in Honduras) and disposed of a non-core retail-only business in Australia (£100m annualised revenue).
**Capital Allocation**Progressed £250m share buyback programme and maintained a healthy M&A pipeline.
4. **FY 2025 Outlook**
Reiterated growth expectations, with stronger H2 performance driven by product launches and cost management.
Higher EPS growth relative to profit growth, aligned with >10% EPS CAGR medium-term target.
5. **Additional Notes**
Conference call held on October 232025for analysts and investors.
FY 2025 results scheduled for March 3, 2026.
Inchcape’s Q3 performance underscores its ability to execute its strategic initiatives and deliver sustainable growth in the global automotive distribution market.