The season of publishing the results has already started, but the biggest number of releases of the reports for 1H is still ahead of us. The market has some front-runners, and preferences are reflected in share price of those companies. The optimism of domestic investors and expectations of great results lifted share prices to all time high.

Inter Cars is growing in foreign markets

Almost from the beginning of this month share price of Inter Cars is growing. The price of share of the biggest automotive spare parts distributor in Poland recorded another all time high, reaching almost the level of 150 PLN / share (on Tuesday the price was 149 PLN).

June sales revenues were another confirmation of great quarter for Inter Cars Company. This year seems to have possibility of being even better than the previous one. After a winter slowdown, since April the Company has recorded a two-digit increase in sales revenue. For the first six months total revenue of Inter Cars went up by 13%, to 1.6 billion PLN. The result is mainly thanks to increasing sales in foreign daughters which are operating on several markets of Europe. January to June – their revenue grew by 23 per cent. Whereas domestic sales grew by 11.7 per cent. Sales on Polish market is still 70% of total revenue of the Group, but this share is constantly decreasing.

According to forecast prepared by Sylwia Jaśkiewicz, the analyst of IDMSA, the Company will work out for the II quarter a net profit of 40 million PLN and 54 million PLN of operating profit at 925 million PLN of sales revenue. To compare, last year the Company generated 25 million PLN net profit, 37 million PLN EBIT and 751 million PLN sales revenue.

Source: Parkiet Warszawa
31-07-13
DZ. / No 176 
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