INTERCARS Q3 Report 2022
- In the period of 9 months of 2022 the Group recorded a 24,9% increase of consolidated sales revenues compared to the same period of 2021. The high sales dynamics were the result of continued high demand and high production costs, which resulted in automatic price increases, as well as the development of sales in foreign markets. Demand for spare parts was further supported by the decline in sales of new passenger cars (measured by registrations) in Europe in relation to the first six months of previous year. Lower sales of new cars meant that cars that are already used on the roads had to be maintained for longer and therefore repaired and serviced.
- Export sales understood as sales by the overseas distribution companies, and direct sales by Inter Cars S.A. to foreign clients increased by nearly 29% compared to the analogous period a year ago.
- The consolidated EBITDA for 12 months cumulatively for the period ending on 30 September 2022 amounted to PLN 1,203,506 thousand (cumulatively as a profit on operating activity plus depreciation) and was PLN 280,806 thousand higher compared to 2021.
- The net debt /EBITDA ratio as at 30 September 2022 was 1.58 (compared to 1.39 as at 30 September 2021).
