Once again investors are fighting for Inter Cars shares. After a very short period of decrease, the shares of automotive spare parts distributor came back to growing trend. The latest impulse for share price increase is information about revenue recorded in June.

Grzegorz Kujawski from Trigon DM emphasises the fact that the biggest surprise is over 21% increase of sales in Poland, up to 191.4 million PLN. The analyst also emphasises the fact that results recorded on domestic market are on the level of two thirds of consolidated result.

- I think that Inter Cars took over some market share of Fota, which is now in a difficult financial situation [the company filed for bankruptcy – editor]. This resulted in such growth dynamics – explains expert of Trigon DM. 

Grzegorz Kujawski also praises Inter Cars for development in European markets. In June the sales revenue of foreign subsidiaries increased by about 24% YoY and reached the level of 74.6 million PLN. The expert especially pays attention to development of business in Romania, Croatia and Ukraine. In his opinion the company will show very good results for the II quarter.

source: Puls Biznesu Warszawa
12/14-07-13
DZ. / No 132 
back