Accelerating growth and driving shareholder value
At Inchcape, we leverage our global automotive Distribution expertise, strong OEM partnerships, and data-driven capabilities to deliver sustainable growth and shareholder value. With a focus on operational excellence and expanding in high-growth markets, we are uniquely positioned to capitalise on the evolving mobility landscape.
Three pillars of our investment case
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The leading global automotive Distributor
- Long-term, diversified OEM portfolio
- Deep competitive moat through technology
- Scaled and diversified geographic footprint
With an attractive financial profile
- Growth driven by market outperformance
- Resilient operating margins
- Highly cash generative and capital efficient
Driving shareholder value
- Clear dividend policy
- Commitment to on-going share buybacks
- Value-accretive acquisitions
Our distribution model
Discover more about our differentiated offering as the world’s leading independent automotive Distributor. Gain insight into how we operate, what sets us apart, and how we deliver value for our OEM partners.
We use our local market expertise to inform certification and vehicle ordering decisions, around elements like model types and specification.
We deliver vehicles and parts to markets in each of our regions.
We work on brand proposition development and positioning, price setting and marketing, maximising market share for our partners.
This includes the exclusive distribution of original vehicle parts, maintenance, finance and insurance.
We bring our omni-channel platform to customers to deliver world-class, digital-first experiences for consumers through DXP.
We recommend the optimal channels to reach consumers and businesses covering network management, digital, and omni-channel and including the selection and management of independent third-party dealers, where appropriate.
FY25 Results
"During a transformative year in the automotive sector, Inchcape’s diversified and scaled business model delivered results in line with our medium-term targets, reporting double-digit EPS growth and winning 10 new Distribution contracts. Looking ahead, we expect to deliver a year of growth in FY26."
Group Chief Executive
Revenue
£9.1bn
Reported revenue
Organic growth
1%
(YoY%)
Profitability
£443m
Adjusted PBT +3% YoY in constant currency
Operating margin
6.2%
(10)bps in constant currency
ROCE
29%
vs 27% in FY 2024
Balance sheet & cash
£315m
Free cash flow, 104% FCF:PAT conversion
Adjusted net debt
£264m
excluding lease liabilities vs £190m in FY24
Leverage
0.4x
vs 0.3x in FY 2024
Shareholder returns
80.8p
Adjusted basic EPS +13% from FY24
Dividend per share (proposed)
32.3p
+13% from FY24
Trends shaping our markets
Our industry is undergoing transformation — shaped by the transition to lower-carbon mobility options, technological innovation, and global complexity. Discover more about the critical role Inchcape plays in helping OEMs navigate this complexity and the opportunities ahead.
Our Accelerate+ Strategy
With Accelerate+, we will enhance our position as the world’s leading independent automotive Distributor and grow our business, delivering outstanding results for our stakeholders. Capitalising on our differentiated platform, we will create a stronger and more diversified Inchcape.
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