Inter Cars recorded a consolidated net profit of PLN 63.02m assigned to the shareholders of the parent entity in Q2 2016, in comparison to PLN 52.39m net profit a year before, announced the Company.

Operating profits rose to PLN 80.67m from PLN 70.21m a year ago.

Consolidated sales revenues reached the level of PLN 1,558.14m in Q2 2016 in comparison to PLN 1,197.49m a year before.

In 1H 2016 the Company generated a consolidated net profit assigned to shareholders of the parent entity amounting to PLN 113.94m, in comparison to PLN 88.2m profit for the same period a year ago, at sales revenue of PLN 2,861.63m this year, from PLN 2,180.05m a year before.

Unconsolidated net profit for the period of H1 2016 rose to PLN 64.27m from PLN 28.05m a year ago.

“Just like in the 1 half a year 2015, the sales of the overseas distribution companies have been more dynamic than the export sales of Inter Cars S.A. Inter Cars' domestic revenue accounted for app. 59% of the Group's total revenue (including consolidation exemptions), compared to 62% in the first half of 2015” - announced the Company in its report.

In the first half of 2016 the most dynamic sales growth as compared to the same period of 2015 (after translation into PLN and following consolidation exemptions) was recorded by companies in the following countries: Germany - Cleverlog (up by 191%), Slovenia (up by 176%) and Italy (up by 74%). Whilst the biggest influence on the revenues of the whole Capital Group had daughter companies in the following countries: Romania (up by 54%), Lithuania (up by 28%), Czech (up by 24%) and Slovakia (up by 25%).

The consolidated sales margin amounts to 30.4% and is on the same level as in the first half of 2015. During the periods subject to comparison, the impact of foreign exchange fluctuations on the margin was insignificant (0.06% in the first half of 2016 and 0.44% in the first half of 2015).

Inter Cars S.A. is the biggest automotive spare parts distributor for passenger cars, commercial vehicles and trucks in Central and Eastern Europe. The company went public on the Warsaw Stock Exchange in 2004. In 2015 it recorded PLN 4.796 billion in consolidated revenues.