- Three new contracts will further boost its distribution business.
- Strong free cash flow has improved its net cash position.
Inchcape (INCH) had a tricky 2020 when a combination of a slowing distribution business and a £198m impairment charge resulted in a hefty reported loss. But in the first half of this year proved far more promising, with revenue jumping up 37 per cent on an organic basis and underlying profit before tax up to £143m, compared to £9m this time last year.