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Inchcape Trading Update 28 October 2021 • • Inchcape plc ( " Inchcape " or the " Group " ) , the leading independent global automotive distributor , today releases its Q3 Trading Update covering the period from 1 July to 30 September 2021 . Q3 Trading Update Strong Q3 performance drives increase in FY21 profit expectations Group revenue £ 1.9bn : up 10 % YoY on an organic basis ( 2 % below 3Q19 ) , and down 2 % reported 2021 PBT outlook upgraded to " at least £ 290m ” , driven by a stronger margin performance Supply situation remains uncertain , with constraints expected to continue well into 2022 • Hosting a Capital Markets Day on 17th November 2021 in London from 2pm ( UK ) Revenue YoY % Group Distribution Retail Reported Constant FX Organic¹ Q3 Q3 Q3 YTD ( 2 ) % + 2 % + 10 % + 27 % + 17 % + 23 % + 20 % + 28 % ( 21 ) % ( 20 ) % ( 2 ) % + 25 % 1 : Organic growth is defined as sales growth in operations that have been open for at least a year at constant foreign exchange rates Duncan Tait , Group CEO , commented : " The Group's Q3 results were stronger than expected . The better performance was broad based , with all regions supporting the results in the quarter . The pandemic continues to cause uncertainty across the globe , although with largely localised restrictions , it had a relatively small impact on the Group in the period . While the ongoing supply shortages have had some impact on our topline performance , the Group has , to date , benefited from higher vehicle gross margins . During the quarter , we signed a global strategic partnership with Geely , and with the integration well - progressed , the team is excited about the upcoming launch of the brand . We also continued to make good progress with our use of data and digital , and are looking forward to sharing more detail on our strategy and future growth prospects at our Capital Markets Day on the 17th November . Looking ahead , the Group's strong performance to date , supported by robust margins , will underpin an expected profit before tax for FY21 of at least £ 290m . Whilst the widely reported supply issues are not expected to improve until well into 2022 , we are confident that margins will remain robust through this period , mitigating the likely impact on our topline . The long - term growth prospects of the Group are attractive and exciting . Our ambition is to become the undisputed distributor of choice for OEMs . We will achieve this by further strengthening our OEM relationships and with more emphasis on capturing the lifetime value of both customers and vehicles . "