- We still aim to develop in Central Europe, because markets which are located here have a much higher potential than in Western Europe.

We are not planning any takeovers. We put emphasise on development of our distribution chain and new sales segments - assured Krzysztof Soszyński, Vice-President of the Company. The strategy of expansion into emerging markets of Europe is working well. Current year seems to be a record breaker as regards the results. Management Board of Inter Cars expects to exceed PLN 3.4 b in revenues. In 2012 the company generated PLN 3b in revenues.

The result is mainly thanks to increasing sales in foreign daughters which are operating on several foreign markets of the region. Their sales revenue in the period of first three quarters went up by 26.2% in comparison to previous year, whereas domestic sales went up only by 14.4%. Sales on Polish market is two thirds of total revenue of the Group, but this share is constantly decreasing. -  Romania and Lithuania proved the most interesting of all our markets. The former was able to keep the growth thanks to its extensive branch chain, while the latter proved the most profitable of all our foreign companies. As far as Croatia is concerned, we expect its sales to grow following the country’s accession to the EU. – emphasised Soszyński. Growth of sales revenue was also stimulated by bankruptcy of FOTA Group, which caused that the demand for the parts was transferred to other market players.

According to analysts the Company will keep a 2-digit growth of sales revenues. -  I suppose that this pace of growth will be kept till March 2014. Taking into consideration high base, I can say that the pace of growth in the next quarters will be hard to keep or lower. I expect an increase of sales results in the whole 2014 in comparison to results in 2013. But the increase will not be so spectacular as it was this year. – said Sylwia Jaśkiewicz, analyst from Brokerage House IDMSA. According to her forecast, in 2013 Inter Cars will reach a net profit of PLN 146m from PLN 100m a year ago, and sales revenues will rise from PLN 3b in 2012 to PLN 3.4b this year.

source: www.parkiet.com
21-11-2013

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