Sales of Inter Cars grew with a two-digit number

In December the sales revenues of the distributor went up by 18 percent yty, reaching the level of PLN 312.3 million. In the whole last year the total sales revenues of the whole Capital Group went up by 12 percent, to PLN 3.89bn.

 

Investors appreciated sales results published after the Thursday trading.  In the first minutes of Friday listing, the share price went up by over 2% to PLN 221.90. 

 

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 between January to December 2014 went up by 26.7% in comparison to previous year, whereas domestic sales went up only by 10.4%. Sales on Polish market is still almost two thirds of total revenue of the Group, but this share is constantly decreasing.

 

Daughter companies in Latvia, Hungary and Bulgaria had the biggest increase of sales revenues in 2014. Sales went up by 184.2%, 93.9% and 92.5% respectively.  Among 10 companies operating outside Poland, only one, in Ukraine, recorded a decrease in sales in comparison to the same period a year ago (a decrease of 13.5%). 

 

In the first three quarters of a year Inter Cars made a profit of PLN 142m on sales revenue of PLN 2.85bn. In the whole 2013 sales revenues reached PLN 3.5bn.   

 

Source: parkiet.com