Inchcape has elevated adjusted pre-tax earnings by 35% to £249 million over the primary six months of the yr, fuelled by its acquisition of Derco in Latin America.

The enterprise noticed international revenues improve by 45% to £5.6 billion, which it stated was supported by the Derco acquisition, in addition to a 13% improve in natural income development.

Duncan Tait, Inchcape group chief govt, stated: “Inchcape has produced one other wonderful efficiency in the course of the first half of 2023, pushed by development from acquisitions and by constantly robust natural development.

“Particularly, the acquisition of Derco has remodeled our market place within the Americas and is already having a constructive impression on the group.”

Tait stated the H1 efficiency highlights Inchcape’s “continued business momentum”, supported by its international scale and long-standing OEM relationships, underpinned by a “extremely differentiated expertise platform”.

He stated the enterprise within the Americas and Asia Pacific areas are performing properly, whereas its European operations are additionally performing properly “regardless of challenges in sure markets”.

Inchcape signed 11 distribution offers and acquisitions within the first half of the yr, together with a world strategic settlement with Nice Wall Motors, the model behind GWM Ora.

Tait added: “Inchcape continues to construct its place as the worldwide chief in automotive distribution due to the mix of our individuals, who deliver industry-leading experience, our diversified geographic footprint and our digital and knowledge capabilities.

“We’re uniquely positioned to ship excellent efficiency for our OEM companions and drive consolidation in a extremely fragmented market, supporting sustainable development and worth for our stakeholders. Consequently, we stay assured in our medium-term outlook.”