Inter Cars (CAR) Q1 2025 earnings summary

Executive summary

• Achieved strong sales growth in both passenger and truck parts, maintaining #1 position in CEE for passenger car parts and in the EU for truck parts.

• Consolidated sales revenue rose by 5.5% year-over-year in Q1 2025, with export sales up 11% and continued international expansion, especially in Central and Eastern Europe.

• Operates a comprehensive mobility ecosystem with a presence in 20 countries and a robust distribution network.

• Demonstrated above-market, organic growth and continued market share gains in core markets.

• Gross margin increased by 1.4 p.p. to 29.3%, and net profit remained stable at 157.7 million PLN compared to Q1 2024.

Financial highlights

• 1Q2025 sales reached €1.14 billion, up 9% year-over-year; full-year 2024 sales were €4.52 billion, up 13.6% from 2023.

• Q1 2025 sales: 4.78 billion PLN (+5.5% y/y); gross profit: 1.4 billion PLN; net profit: 157.7 million PLN.

• EBITDA and sales CAGR from 2013 to LTM Mar'25 both at 16.6%.

• EBITDA for the trailing 12 months reached 1.3 billion PLN, up 13% year-over-year, with a Net Debt/EBITDA ratio of 2.0.

• Equity at PLN 5.24 billion (€1.25 billion) as of 1Q2025.

Outlook and guidance

• Forward-looking statements indicate continued focus on organic growth, market share expansion, and operational agility.

• Key factors for Q2 2025: interest rate changes, geopolitical risks (Ukraine conflict), global trade tensions, FX volatility, cost optimization, and inventory rotation improvement.

• Focus on expanding brand recognition and customer acquisition to drive operational growth.