The Management Board of Inter Cars S.A. (the “Company”) announces preliminary estimated consolidated financial results of the Inter Cars Group for 2024.
Preliminary estimated consolidated revenue posted by the Group for 2024 was PLN 19,473 million, up approximately 8% year on year, with estimated net profit at approximately PLN 720 million, up around 2.8% year on year.
Preliminary estimated consolidated net profit of the Group for the fourth quarter of 2024 was PLN 167 million, up by approximately 40% on the figure posted for the fourth quarter of 2023. The Group’s estimated debt ratio (net debt to EBITDA) as at 31 December 2024 was approximately 2.29, up by 26% compared with the end of 2023. The Group had an estimated inventory level of PLN 5,028 million as at 31 December 2024, up by approximately 13% year on year.
According to the Company’s Management Board, the key net profit drivers throughout 2024 were: margin pressures due to a strengthening of the Polish złoty against the euro and market pressures prevailing in certain geographies; higher cost of salaries and wages to accommodate pay pressures; foreign exchange losses on settlements with foreign distribution companies.
The Company’s Management Board further announces that details concerning the final results recorded by the Company and the Inter Cars Group in 2024 will be provided in the consolidated and separate periodic reports for 2024, which will be published on 25 April 2025.
Article 17(1) of MAR − Inside information
- Krzysztof Soszyński - Vice President of the Management Board
- Piotr Zamora - Member of the Management Board