Thanks to improving sales results, once again investors have remembered about the shares of the biggest automotive spare parts distributor. June was another consecutive month in which Inter Cars recorded a double-digit growth in sales.
In previous month sales revenues of the distributor went up by 25.5 percent yty, reaching PLN 392.5 million. The driving force of the increase was foreign sales, where the Group recorded an increase in sales by 46.6 percent. In the opinion of Marek Czachor, analyst of Erste Securities, it is a good forecast before publishing the results for the second quarter (report for the whole first half a year will be published on August 31. - We can expect better results year to year resulting from rocketing sales. The driving force of increase of results is still foreign sales - said the specialist. At the same time he is a bit sceptic about the chances of continuation of increases of company’s share price. - I expect stabilization of current share price, which largely include the improvement of sales - assesses Czachor.
The distributor is constantly developing its distribution chain abroad. Sales revenues of foreign distribution subsidiaries operating on several markets in the region went up in 1H by 38.3 percent YoY, whilst domestic sales went up only by 11.2 percent. Sales on Polish market is still almost two thirds of total revenue of the Group, but this share is constantly decreasing. In the first half of the year the total sales revenues of the whole Capital Group went up by 17.6 percent, to PLN 2.15bn.
Source:Parkiet
2015-07-15