Q1 2025 Inter Cars SA Earnings Call Transcript
Key Points
- Inter Cars SA (WAR:CAR) achieved a 5.5% increase in sales, reaching 4.5 billion Polish zlotys in the first quarter of 2025 compared to the same period in 2024.
- The company recorded a year-on-year revenue growth of 9%, positioning it as the fastest-growing player among large European automotive distributors.
- Inter Cars SA's gross margin improved to 29.4% in Q1 2025, up from 28.5% in the same period last year.
- The company is successfully expanding its geographic reach, with foreign distribution branches growing faster than the parent company in Poland.
- Inter Cars SA is leveraging its wide range of products and efficient logistics network to maintain competitive advantages and improve margins.
- The market remains competitive with deflationary pressures, impacting pricing and sales dynamics.
- Domestic sales in Poland are decreasing, now accounting for less than 40% of total sales, indicating a reliance on international markets.
- The company faces challenges related to geopolitical uncertainties, such as the war in Ukraine and potential tariff negotiations.
- Inter Cars SA's financial costs have increased due to investments in warehouse robotization, impacting overall expenses.
- The company is dealing with legal issues concerning its subsidiary Lauber, related to waste management practices, which could pose future risks.
Good afternoon, ladies and gentlemen, Kristophtosiewski speaking. We will start from, introduction to the situation on automotive aftermarket.
In the first quarter, Intercurs Group once again increased the market share and recorded sales 4.5 billion Polilotties. It is a 5.5% increase in sales compared to the first quarter 2024. It's also worth paying attention to how the results look after converting to the EUR, which has lost value against this lot over the past year. It is in the currency that we are compared to other major European distributors.
The year on year increase in revenue by 9% growth. And we can say that it's the fastest growing among large European players, and the player, the first player on the market is Ky, he had the decrease of the turnover in EUR, the second player after the first quarter and the same position as the last year since Incars, 9% growth.
And the third one is GPC 2 and 3% points, as they grow, of the GPC mean the Alliance Automotive Group. And Mel, as well as the pure
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