"Parts comprise the whole" - with this slogan there was an annual conference of Inter Cars Investor Relations in Warsaw. The Company presented financial results and plans for the future.

Inter Cars is the largest distributor of automotive spare parts in Poland, 5th in Europe and 10th in the whole world. "Success, however, is not being the market leader. This is an effect, not a cause. The real success are excellent business relationships, which Inter Cars built with suppliers and customers. The idea which stands behind it is a real partnership. Relations based on trust and sharing profits. This made us a leader. And I am really very happy that reflection of this idea, which was always my motto I can see today in my co-workers. They adapted this way of thinking. They made it an asset of the company. They created a community based on integrity, professionalism and innovation. Without them, there would be no success," said Krzysztof Oleksowicz, founder Inter Cars S.A.

" Today we have 25th anniversary of regaining independence. Also today we are meeting to present great financial results again. The Company which was established on the frames of regained economic freedom. The Company that could have never existed on the market and achieve European success without events, which took place a quarter of a century ago and which indirectly brought it into being" - said Robert Kierzek, President of Inter Cars SA. During the conference a decision of the Council of Ministers was announced, by which the Warmian-Mazurian Special Economic Zone has been extended to the area of parcels belonging to Inter Cars in Zakroczym. This is the place where the Company shall realize their most important investment - Logistic and Expansion Centre. "We are proud and very happy, that Polish companies can count on so valuable and active support of the government. Enjoying the 25 anniversary of regaining Poland's economic freedom and less than quarter-century existence of Inter Cars, we are also pleased that we are just here and right now - said Krzysztof Soszyński, Executive Vice President of Inter Cars SA. 

Consolidated revenues of the Company in 2013 amounted to PLN 3.5 billion, share of foreign subsidiaries in sales revenues reached PLN 1.16 billion. To increase return on invested capital, Inter Cars systematically raises quality of service, responding to changing market demand in this respect and builds a consolidated purchasing power within the group and with external partners. "In May last year the Company recorded the highest share price for over 5 years. Two months later it broke the all-time high and then again in October- said Piotr Zamora, Financial Director of Inter Cars SA. It is worth to notice that the Company received the title of Stock Exchange Company of the Year 2013. Inter Cars has nearly 60 specialized web services, which are visited each month by nearly 2 million unique users. Also investment in e-commerce market will allow to increase the area of operations of Inter Cars. 291 branches in the country and abroad are a strong basis for rendering logistic services for on-line sales, e.g. creating free of charge collection of goods ordered via the Internet.

History of success

It all started back in 1990. Seven years later the first warehouse was built and garage chain started operating. In the years 1998- 1999 the first foreign company appeared in the structure. In the year 2000 we begun creating first six branches, combined with intensive B2B activities and expansion to Eastern markets. On the turn of 2004 and 2005 the Company went public on Warsaw Stock Exchange, in 2006 reaching the first billion of sales revenue. After the following two years there was a very important merger with JC Auto. Then revenues went up, foreign subsidiaries were growing - until last year's title of Listed Company of the Year.

source: www.truck.q-service.com.pl
09-06-2014

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