Car dealer Inchcape raises profit view; warns of chip shortage By Reuters
(Reuters) -Car dealership Inchcape said on Friday its current-year earnings will beat market estimates, helped by an uptick in demand following easing of pandemic-related restrictions. The company, which sells new and used cars, including premium brands including BMW, Audi and Mercedes-Benz, said it expects 2021 profit before tax to be significantly higher than the market consensus of 216 million pounds. That would still be lower than pre-pandemic annual earnings of 326 million pounds, but better than the profit of 129 million pounds for 2020. The company's shares were expected to be up between 2% and 7%,...
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