Inter Cars (CAR) Q1 2026 earnings summary

Executive summary

• Q1 2026 revenue reached PLN 5,428.0m, up 18.8% YoY; euro-denominated sales rose 12.0%, ahead of European peers’ average growth of 2.6%.

• Net profit increased 34% to PLN 211.3m, while overseas expansion continued and sales grew across geographical markets.

• Organic growth and market-share gains remain priorities; independent workshops are the core customer base, served through a one-stop-shop offering.

Financial highlights

• Revenue was PLN 5,428.0m versus PLN 4,780.1m; gross profit on sales was PLN 1,618.6m versus PLN 1,401.6m.

• Operating profit reached PLN 316.6m versus PLN 251.7m; profit before tax was PLN 266.2m versus PLN 200.8m.

• Net profit was PLN 211.3m versus PLN 157.7m; basic and diluted EPS each rose to PLN 15.07 from PLN 11.13.

• Operating cash flow was PLN 840.9m versus PLN 328.0m; investing and financing cash outflows were PLN 166.3m and PLN 484.2m, respectively.

• Financial costs fell to PLN 47m from PLN 55m, supported by working-capital optimization and lower interest rates; interest paid was PLN 43m versus PLN 49m.

Outlook and guidance

• No 2026 financial forecast was published; Q2 results are expected to be influenced by interest rates, FX, geopolitical developments and supply-chain conditions.

• Priorities include cost control, faster inventory turnover, logistics optimization, brand awareness and customer growth.

• Construction of the automated Stęszew warehouse is planned for completion in Q2 2027; total project value is PLN 600m, with PLN 150m allocated in Q1 2026.