Inchcape grows margin despite tough European markets

The car retailer and distributor, Inchcape, saw sales in 2011 hit by weak markets in the UK and Greece but managed to raise its operating margin through tight cost control.

The car retailer and distributor, Inchcape, saw sales in 2011 hit by weak markets in the UK and Greece but managed to raise its operating margin through tight cost control.

Group sales decreased by 1.0% to £5.8bn for full year 2011 versus 2010. On a like-for-like constant currency basis, the decrease was 1.7%.

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