Profil:
Inter Cars SAInter Cars automotive estimates consolidated net profit at approx.PLN 167 mln in Q4
Listed automotive parts distributor Inter Cars posted estimates that consolidated net profit for the fourth quarter amounted to approximately PLN 167 million (EUR 39.7 mln), about 40 percent more year on year, the group said in a market filing. For the full year 2024, Inter Cars estimates the group's consolidated sales revenue at PLN 19,473 million (EUR 4.6 mln), up by about 8 percent year on year.
For the full year 2024, estimated net profit was approximately PLN 720 million (EUR 171.4 mln), up by about 2.8 percent year on year.
"In the opinion of the company's management, the most significant factors that impacted net profit for the full year 2024 were: pressure on margins due to the strengthening of the local currency against the euro and market pressures occurring in certain countries; higher salary costs related to the need to cope with wage pressures; negative exchange rate differences related to settlements with foreign distribution companies," they wrote.
The final results will be reported in the consolidated and standalone interim report for 2024. The publication is scheduled for April, 25 2025.
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