INTERCARS Q3 Report 2023

Highlights

• In the period of 9 months of 2023 the Group recorded a 21,7% growth of consolidated sales revenues compared to the same period of 2022. The high sales dynamics were the result of continued high demand and growing production costs, which resulted in automatic price increases, as well as the development of sales in foreign markets.
• Export sales understood as sales by the overseas distribution companies, and direct sales by Inter Cars S.A. to foreign clients increased by nearly 27% compared to the analogous period a year ago.
  • • The consolidated net profit for the period of 9 months of 2023 amounted to PLN 581,424 thousand and was higher by PLN 38,120 thousand from the profit in the same period of 2022.
• The consolidated EBITDA for 12 months cumulatively for the period ending on 30 September 2023 amounted to PLN 1,305,234 thousand (cumulatively as a profit on operating activity plus depreciation) and was PLN 101,728 thousand higher compared to 2022.
  • The net debt /EBITDA ratio as at 30 September 2023 was 1.69 (compared to 1.58 as at 30 September 2022).