Q3 2022 Inchcape PLC Trading Statement Call Transcript

Oct 27, 2022 / 07:30AM GMT
Operator

Good morning, all, and welcome to Inchcape's Q3 2022 Trading Update Conference Call. (Operator Instructions) I will now hand over to the Group Chief Executive of Inchcape, Duncan Tait, to open the presentation. Duncan, please go ahead.

Duncan Tait - Inchcape plc - Group CEO & Director

Good morning, everyone, and thank you for joining us. As usual, I am joined on the call by our CFO, Gijsbert de Zoeten; and our Head of Investor Relations, Raghav Gupta. I'll begin by commenting on the group's performance before handing over to Gijsbert, who will give more detail. We'll then be happy to take your questions.

As mentioned in this morning's announcement, the group continued to perform strongly in Q3. In the quarter, we delivered organic revenue growth of 16% versus the same period last year, with double-digit growth in both distribution and retail and growth across all our regions. On top of this, our recent distribution acquisitions contributed nicely with 4% of additional growth. Having launched the Accelerate strategy a year ago, I am delighted with

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