Correct as of 8th November 2023

£m, unless otherwise stated 2023 2024 2025
Average Low High Average Average
Revenue 11262 11122 11386 11733 12206
Adjusted operating profit 652 647 659 672 709
Adjusted net interest (149) (152) (146) (132) (115)
Adjusted PBT 503 499 507 540 594
Adjusted tax (138) (139) (135) (148) (163)
Adjusted net profit (post minorities) 353 346 360 379 417
Adjusted basic EPS (p) 85.7 83.8 87.2 91.8 101.2
DPS (p) 33.6 30.9 34.8 36.5 40.4

By accessing this document, you acknowledge and agree to the following:

1. The information contained in this document is for information purposes only. It does not represent, nor is it based on, the opinions, estimates or forecasts of Inchcape plc (“Inchcape”), or any of its directors or employees. Any opinions, estimates or forecasts made in the analysts’ reports used to compile this document are theirs alone and are not reported, endorsed or reviewed by the Inchcape. Inchcape has not verified or commented on any individual forecasts, nor does it intend to do so in the future.

2. The information contained in this document is by definition forward looking and is therefore subject to various risks and uncertainties which are subject to change at any time and may materially affect actual results or performance.

3. The information contained in this document provides the average forecasts of the nine analysts that cover Inchcape, being:

Peel Hunt, Andrew Nussey – 28/07/2023
Citi, Arthur Truslove – 26/10/2023
Jefferies, James Wheatcroft – 26/10/2023
JP Morgan, Akshat Kacker – 26/10/2023
Liberum, Sanjay Vidyarthi – 26/10/2023
Numis, Georgios Pilakoutas – 26/10/2023
Zeus, Mike Allen – 26/10/2023
Berenberg, James Bayliss – 30/10/2023
HSBC, Paul Rossington – 31/10/2023

Please note that some analysts may assume that Inchcape will conduct a share buyback programme when producing their individual forecasts.

4. The figures contained in the table above are a simple arithmetic average of the most recent forecasts that have been provided to Inchcape by registered investment analysts. The figures do not give greater weight to more recent forecasts or to the forecasts of any individual analyst.

5. Although Inchcape intends to update the information contained in this document periodically, no obligation is assumed to update or revise such information to reflect circumstances existing after the date of this document. As such, this document may reflect forecasts that were published prior to a significant event, including meaningful foreign exchange rate movements.

6. Inchcape is not regulated by the Financial Conduct Authority and cannot offer investment advice. This document is not intended to, nor does it, constitute investment advice or any solicitation or recommendation to buy, hold or sell securities or other financial instruments or to take any other action or place any reliance on this document.

7. None of Inchcape, any of its subsidiary undertakings or any of their directors, officers or employees accepts any responsibility for the accuracy of the information contained in this document and therefore accept no liability whatsoever for the consequences of any reliance or actions taken or not taken based on any of the information in this document.