Inter Cars SA summarizes a record year

25 years ago there was a breakthrough in Poland. Celebration of recovery of political and economical freedom is in progress. A quarter of a century ago the first Polish independent enterprises began to appear, Inter Cars also started its operations at that time. In this context the annual conference summarising operations of the company was carried out.

Record year for Inter Cars on 25th anniversary of regaining independence

Change of the system, change in business operating principles and building free economy - it was all used by Inter Cars to full extent and with commitment. Today, the Company is one of the leaders in European and world automotive spare parts distribution markets.



The annual conference of Inter Cars Investor Relations took place on 4 June 2014 in Warsaw. This time with motto: "Parts compose the whole" one of the biggest automotive spare parts distributors in the world presented financial results of the company, reports from international markets, information on the market environment, realized investments and strategic plans for the future.

- 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 - emphasized the CEO of the Company, Robert Kierzek during the meeting.

-"Our Company would not have existed if it weren't for the change in political system, economic recovery and opening for the world. It is that events that Inter Cars owes success to - thanks to them we have a leading position in the country, Europe and the world." - added founder of the Company, Krzysztof Oleksowicz.

An excellent summary of another year of activities is information which is important for every investor. On 3 June this year, by decision of the Council of Ministers, the Warmian-Mazurian Special Economic Zone has been extended to the area belonging to Inter Cars parcels in Zakroczym. And today the Company can officially confirm that this is the place where it will realize their most important investment - Logistics 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 during the conference, Krzysztof Soszyński, Executive Vice President of Inter Cars SA. 

It all started back in 1990 and as always - the beginnings were not easy. 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 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.

- "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 K. Oleksowicz.



What was the year 2013 like when looking at the presence of Inter Cars on Polish Stock Exchange?

- "In May last year the company recorded the highest share price for over 5 years. Two months later the company broke another all-time-high and in October once again." - summarized Piotr Zamora, CFO of Inter Cars SA. 

At the end of 2013 more than 120 experts, interviewed by TNS Poland for "Puls Businesu" magazine praised Inter Cars for, among others, competence of management, investor relations and prospects for development and quality of products and services. As a result, the Company received the title of Stock Exchange Company of the Year 2013. And it is all thanks to development strategy, which increases the market share of automotive parts distribution year by year and makes the Company one of the world's leaders of the industry. Looking at the size, Inter Cars is among top distributors of automotive spare parts: 5th place in Europe (the first in Poland and Central and Eastern Europe) and 10th in the world.

PLN 3.5bn revenue

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.

- "We are also developing a unique ecosystem of product range and services One Stop Shop, providing the largest product range, perfect distribution chain and transfer of knowledge. Does this translate into real results? Sellers in our branches answer daily 30 thousand phone calls from customers. That is probably the answer to the question about reaction of the market to activities carried out by us. And we receive tremendous energy for further dynamic development." - informed Witold Kmieciak, Member of the Management Board.

- "Our community in the country and in Europe is composed of 5,825 people. This means 5,825 ideas every day. 5,825 solutions. 5,825 ideas. Their power drives the business, shapes its ordinary days and influences the future. By investing in people we are investing in ourselves. The diversity of personalities and attitudes gives us the power, motivation, and energy, giving us the momentum for many operations. This is a collection of various personalities, combined by one goal and operating in one place. For many years we have been passing our values to all employees of Inter Cars and we create a strong and effective team." - said Wojciech Twaróg, Member of the Board of Inter Cars SA. 



Inter Cars websites are visited each month by 2 million unique users! There are almost 60 dedicated websites, and each was designed for other group of customers. Tens of thousands of automotive fans regularly use the corporate profiles in social media. Also investment in e-commerce market will allow to increase the area of operations of Inter Cars. 291 branches in the country and abroad create a great infrastructure and logistic chain for selling on-line. Human resources and possibilities of realization allow creating servicing and logistic centres, combining real world with real virtual world (e.g. points of free collection of ordered goods in bricks and mortar shops).

Phot. Tomasz Wilczkiewicz, Inter Cars

source: www.motofocus.pl
05-06-2014