The stocks of Inter Cars reached PLN 112.9 yesterday – the highest price in over five years. The company’s index has been on an increase since the beginning of the year, recording a 30% increase.
| | Investors were not put off by the Q1 report. During this period, the company’s results proved slightly worse than expected, and worse compared to last year’s results. The company has announced that its results will improve this year. “We expect our sales to be very dynamic over the next few months, allowing us to improve our profit margin in 2013” – sys Krzysztof Oleksowicz, founder and member of the management board of Inter Cars. He also says the company’s main goal is to increase faster than the rest of the market. |
Sylwia Jaśkiewicz, an analyst of DM IDM, admits that the results for Q1 were worse because of the long winter, which translated into a smaller number of customers visiting garages than usually at this time of year. “I expect that the coming quarters will be better for Inter Cars. The fantastic sales results of April, which compensated for the poor sales in the previous months (a 30 per cent year-over-year improvement ), seem to confirm that.” – said Jaśkiewicz.
She stresses that Inter Cars has been working on increasing its profit margin, for example by implementing a program entitled “Efficient Purchasing,” and that the results of these efforts will be visible soon. “After weak 2012, the European and Polish markets are beginning to regain their dynamics. Given its leading position in the market, Inter Cars will be the main beneficiary of this growth.” – adds Jaśkiewicz. -JIM
source: parkiet.com and Parkiet Warszawa 23-05-13
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