StockMarketWire.com - Inchcape reported Thursday flat revenue growth as margin pressures in its retail business persisted in the third quarter of the year.

For the three months to 30 September, revenue was flat at £2.28bn from a year earlier on actual currency and up 2% at constant currency.

The weaker sales was blamed on challenging trading conditions in the UK and Australia Retail markets which weighed on performance in both the distribution business – a core driver of future growth – and the retail business.

The Distribution division revenues rose 1%, while the retail division revenues fell 1%

'We anticipate some easing of the current market pressures in 2019, although current spot rates suggest that there will be a transactional currency headwind in Australasia over the year,' the company said.


At 10:12am: [LON:INCH] Inchcape PLC share price was +15.75p at 574.75p



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