Full Year 2024 Inchcape PLC Earnings Call Transcript

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Mar 04, 2025

Mar 04, 2025 / 08:30AM GMT
Duncan Tait - Inchcape PLC - Group Chief Executive Officer, Executive Director

Well, good morning everybody. Welcome to Inchcape full year 2024. Results. I'm Duncan Tait, Group CEO, and I'm joined by our CFO Adrian Lewis. Here's today's agenda. I'll give an overview in strategic context. Adrian will then run through the 2024 results before outlining our medium term targets published today. I'll then sum up and discuss the outlook for 2025.

Today's presentation is available on our website, and a recording of today's session will be available later today. After the presentation, we'll take your questions. So I'll start with our key messages. First, we delivered another year of progress in 2024. Second, we updated our capital allocation policy and today announced a new GBP250 million share buyback program.

And third, we are today announcing new medium term targets including a target of EPS compound annual growth in excess of 10%. In 2024, we delivered 4% revenue growth and 5% PBT growth. During the year, we launched an evolved strategic approach, Accelerate plus, sold our UK retail business

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