Auto Partner S.A.

Auto Partner S.A. Reports Strong Financial Performance for 2023 Amid Market Challenges

Auto Partner S.A., one of Poland's leading independent automotive spare-parts distributors, has reported robust financial results for the fiscal year ending December 31, 2023. The company achieved a record revenue of PLN 3.65 billion, marking a significant increase of 28.9% compared to PLN 2.83 billion in 2022. Net profit also rose to PLN 223.6 million, up from PLN 207.3 million in the previous year, reflecting a 7.9% growth. The company attributes this success to its expanding European market presence, efficient logistics operations, and a broad product portfolio, including its proprietary Maxgear brand.

Key financial highlights include:

• Gross profit: PLN 989.9 million, up from PLN 847 million in 2022.
• EBITDA: PLN 346.2 million, reflecting a 14.5% increase year-over-year.
• Net profit margin: 6.1%, slightly lower than the 7.3% recorded in 2022 due to increased operational costs.
• Dividend proposal: The Board has recommended a dividend payout of PLN 19.6 million, equivalent to PLN 0.15 per share, subject to shareholder approval.

Despite challenges such as rising operational costs and global economic uncertainties, Auto Partner S.A. has demonstrated resilience by leveraging its strong market position and expanding its footprint in the European Union. The company also maintained a healthy financial structure, with a debt-to-equity ratio improving to 0.71 from 0.86 in 2022.

Additionally, the company has implemented new incentive programs for its management teams in 2024-2025, aiming to drive long-term growth and stability. Auto Partner also continues to monitor external risks, including geopolitical tensions and climate-related challenges, which have not significantly impacted its operations to date.

Relevance to Auto Partner S.A.: The article highlights Auto Partner S.A.'s strong financial performance and strategic initiatives, aligning with its business model of leveraging logistics efficiency and market expansion to drive growth in the European automotive aftermarket.

Auto Partner S.A. Appoints PricewaterhouseCoopers as Auditor for 2023 Financial Statements

Auto Partner S.A., one of Poland's leading automotive spare-parts distributors, has announced the appointment of PricewaterhouseCoopers Polska sp. z o.o. Audyt sp.k. as the auditor for its 2023 annual standalone and consolidated financial statements. The decision, made in compliance with applicable regulations and corporate governance standards, ensures the preparation of impartial and independent audit reports. The supervisory board confirmed that the auditing firm and its team meet all professional and ethical requirements, including adherence to mandatory rotation and cooling-off periods for auditors.

Additionally, Auto Partner S.A. reaffirmed its policies regarding the selection of auditing firms and the provision of non-audit services by the appointed auditor or its affiliates. This move underscores the company's commitment to transparency and compliance with financial reporting standards.

Relevance: This development is significant to Auto Partner S.A.'s business profile as it highlights the company's adherence to rigorous financial oversight and governance practices, which are critical for maintaining trust among stakeholders and supporting its growth in the competitive automotive aftermarket industry.

Auto Partner S.A. Reports Strong Revenue Growth in Q1 2023 Amidst Rising Costs and Market Challenges

Auto Partner S.A., one of Poland's largest independent automotive spare-parts distributors, reported a 30.8% year-on-year increase in revenue for Q1 2023, reaching PLN 836.6 million compared to PLN 639.6 million in Q1 2022. The growth was driven by a 34.4% surge in export sales and a 27.2% rise in domestic sales. However, the company faced challenges with a decline in gross profit margin to 26.4% from 29.6% in the previous year, attributed to the sale of inventory purchased during periods of unfavorable exchange rates and high transportation costs in 2022.

Operating profit (EBIT) for the quarter stood at PLN 62 million, down from PLN 66.6 million in Q1 2022, while net profit decreased by 14.5% to PLN 43 million. The decline in profitability was influenced by increased operational costs due to inflation, higher employee wages, and a significant rise in financial costs caused by elevated interest rates. Despite these challenges, the company managed its inventory and purchasing strategies effectively, maintaining a stable debt level compared to the same period last year.

Key developments during the quarter included the extension of a major lease agreement for its headquarters and warehouse in Bieruń until 2034, the establishment of a new logistics center in Poznań, and the initiation of a new logistics hub in Zgorzelec, expected to be operational by Q3 2025. Additionally, Auto Partner S.A. provided a EUR 750,000 loan to Global One Automotive GmbH, a purchasing group in which it holds a 6.25% stake, and announced a proposed dividend of PLN 0.15 per share for 2022, pending shareholder approval.

While the company has limited exposure to the Ukrainian market, it has ceased operations in Russia and Belarus as a gesture of solidarity with Ukraine. The company continues to monitor the geopolitical situation and its potential impact on future operations.

Relevance to Auto Partner S.A. Business Profile

This article highlights Auto Partner S.A.'s robust revenue growth and strategic initiatives, which align with its business model of expanding its logistics and distribution network across Poland and Europe. However, the challenges of rising costs and geopolitical uncertainties underscore the complexities of operating in the competitive automotive aftermarket industry.

Auto Partner S.A. Reports Strong Financial Performance for 2024 Amid Strategic Expansion

Auto Partner S.A., one of Poland's largest independent automotive spare-parts distributors, has released its consolidated financial statements for the year ending December 31, 2024. The company reported a robust revenue increase of 12.6%, reaching PLN 4.11 billion compared to PLN 3.65 billion in 2023. Despite higher costs, including a 17.5% rise in distribution and marketing expenses, the company achieved a net profit of PLN 208 million, slightly down from PLN 224 million in 2023. The gross profit margin improved to PLN 1.13 billion, reflecting the company's ability to manage costs effectively while expanding its operations.

Key highlights include:

• Revenue Growth: Domestic sales rose to PLN 2.07 billion, while EU sales increased to PLN 1.99 billion, showcasing the company's strong presence in both local and international markets.
• Operational Efficiency: The company maintained a high inventory turnover, with inventories valued at PLN 1.12 billion, up from PLN 1.01 billion in 2023.
• Strategic Expansion: Auto Partner established two new subsidiaries in Germany and the Czech Republic to strengthen its European footprint and explore potential logistics hubs in these regions.
• Dividend Proposal: The Management Board has recommended a dividend payment of PLN 0.15 per share for 2024, totaling PLN 19.59 million, subject to approval at the Annual General Meeting.

Additionally, the company has successfully managed its financial risks, maintaining a healthy debt-to-equity ratio of 0.64, down from 0.71 in 2023. Auto Partner also reported no significant impact from the ongoing conflict in Ukraine, as its exposure to the region remains minimal.

Relevance to Auto Partner S.A.: The financial results and strategic initiatives underscore Auto Partner S.A.'s strong market position, operational efficiency, and commitment to expanding its footprint in the European automotive aftermarket.

Auto Partner S.A. Reports Solid Q1 2024 Performance Amidst Market Challenges

Bieruń, Poland – May 21, 2024: Auto Partner S.A. (APR), one of Poland's largest independent automotive spare-parts distributors, has reported its financial results for the first quarter of 2024, showcasing a robust 18.9% year-on-year increase in revenues, reaching PLN 994.8 million. The growth was driven by a 20.7% rise in domestic sales and a 17.2% increase in exports, with the European Union markets contributing significantly to the company's performance.

Despite the revenue growth, the company faced challenges in maintaining profitability. The gross margin declined slightly to 26.2% compared to 26.4% in Q1 2023, primarily due to the sale of inventory purchased during periods of unfavorable exchange rates. Additionally, inflationary pressures and rising labor costs impacted operational expenses. Net profit for the quarter stood at PLN 40.3 million, a 6.3% decrease from PLN 43.0 million in the same period last year.

Auto Partner continued its strategic expansion, including the development of a new logistics center in Zgorzelec, expected to be operational by late 2025 or early 2026. The company also implemented a new incentive program for its management team to drive long-term growth and value creation. Furthermore, the company maintained a strong financial position, with reduced debt levels and improved cost management despite the challenging macroeconomic environment.

The company highlighted its focus on further expanding its market presence, diversifying its product portfolio, and enhancing operational efficiency to sustain growth and profitability in the coming quarters.

Relevance to Auto Partner S.A. Profile

This article is relevant as it underscores Auto Partner S.A.'s strategic initiatives, financial performance, and resilience in the competitive European automotive aftermarket, aligning with its business model and growth objectives.

Auto Partner S.A. Reports Strong Revenue Growth in H1 2024 Despite Rising Costs

Bieruń, Poland – September 17, 2024: Auto Partner S.A., one of Poland's largest independent automotive spare-parts distributors, has reported a 15.9% increase in revenue for the first half of 2024, reaching PLN 2.06 billion compared to PLN 1.78 billion in the same period last year. The growth was driven by an expanded product range, optimized customer service, and increased sales both domestically and across European Union markets. Domestic sales accounted for 49.5% of total revenue, while EU exports contributed 49.4%, showcasing the company's strong international presence.

Despite the revenue growth, the company faced challenges with rising operational costs, particularly in employee wages due to a significant increase in Poland's minimum wage. This led to a 7.9% decline in operating profit, which stood at PLN 134.5 million, and a 9.3% drop in net profit to PLN 97.2 million. The company also reported a 5.1% increase in inventory levels, reflecting its strategy to meet growing demand. Additionally, Auto Partner S.A. maintained a strong financial position with a debt-to-EBITDA ratio of approximately 0.9, despite a reduction in its overall debt levels.

Key developments during the first half of 2024 included the approval of a dividend payout of PLN 19.6 million, the launch of a new incentive program for key executives, and the signing of a EUR 750,000 loan agreement with Global One Automotive GmbH, which was repaid on time. The company also announced plans to establish a new logistics and distribution center in Zgorzelec, expected to be operational by late 2025 or early 2026.

Auto Partner S.A. continues to focus on expanding its market presence, diversifying its product portfolio, and improving operational efficiency to sustain growth and profitability. The company remains resilient despite external challenges, including inflationary pressures and currency fluctuations.

Relevance to Auto Partner S.A.: The article highlights Auto Partner S.A.'s financial performance, strategic initiatives, and market expansion efforts, which align with its business model of leveraging logistics efficiency and broad product offerings to drive growth in the automotive aftermarket sector.

Auto Partner S.A. Reports Solid Revenue Growth Amidst Rising Costs and Strategic Investments

Auto Partner S.A., one of Poland's largest independent automotive spare-parts distributors, has reported a 14.1% increase in revenue for the first three quarters of 2024, reaching PLN 3.12 billion compared to PLN 2.73 billion in the same period last year. The growth was evenly distributed between domestic sales (+14.0%) and exports (+14.3%), with the European Union markets contributing significantly to the company's performance.

Despite the revenue growth, the company faced challenges in maintaining profitability. The gross margin slightly declined to 26.9% from 27.2% in the previous year, impacted by unfavorable currency exchange rates, minor price reductions by suppliers, and the sale of inventory purchased during weaker PLN periods. Additionally, rising labor costs, driven by inflation and a 20% increase in Poland's minimum wage, further pressured operating margins. The company reported a net profit of PLN 147.4 million, a 14.7% decrease from PLN 172.8 million in the same period last year.

Key developments during the period included the establishment of new subsidiaries in Germany and the Czech Republic to support sales and potential warehouse operations, as well as the continuation of work on a new logistics center in Zgorzelec. The company also launched incentive programs for its management team to drive long-term growth and operational efficiency.

Auto Partner S.A. faced an unexpected setback in September 2024 when a flood damaged its Kłodzko branch, resulting in a loss of approximately PLN 2 million. However, the company has received partial compensation from its insurer and expects full reimbursement in the coming months.

Relevance to Auto Partner S.A. Business Profile

This article highlights Auto Partner S.A.'s strategic focus on expanding its market presence, optimizing logistics, and navigating challenges in the European automotive aftermarket, aligning with its core business model and growth objectives.

Auto Partner S.A. Reports Solid Financial Performance for 2025 Amid Strategic Expansion

Auto Partner S.A., one of Poland's largest independent automotive spare-parts distributors, has released its consolidated financial statements for the year ending December 31, 2025. The company reported a 4.4% increase in revenue, reaching PLN 4.42 billion compared to PLN 4.11 billion in 2024. This growth was driven by robust sales in both domestic and European Union markets, with EU sales contributing PLN 2.2 billion to the total revenue.

The company achieved a gross profit of PLN 1.18 billion, up from PLN 1.13 billion in the previous year, despite rising distribution and warehousing costs. Operating profit stood at PLN 280.3 million, while net profit amounted to PLN 198.9 million, slightly lower than the PLN 208 million recorded in 2024. The effective tax rate increased marginally to 19.65% from 19.59% in the prior year.

Auto Partner S.A. continued its strategic expansion in 2025, establishing new subsidiaries in Croatia and Slovakia to strengthen its presence in Central and Eastern Europe. The company also invested heavily in logistics infrastructure, including the development of a new distribution center in Zgorzelec, Poland, and the expansion of its German operations. Total capital expenditure on property, plant, and equipment reached PLN 33.6 million, with additional investments in an integrated ERP system to enhance operational efficiency.

Despite these achievements, the company faced challenges, including increased logistics costs and regulatory changes under the EU Mobility Package. Additionally, Auto Partner S.A. maintained its suspension of business in Russia and Belarus due to geopolitical tensions, which had a negligible impact on its overall revenue.

Looking ahead, the Management Board has proposed a dividend of PLN 0.15 per share for 2025, totaling PLN 19.6 million, subject to approval at the Annual General Meeting. The company remains focused on leveraging its extensive logistics network and proprietary Maxgear brand to capitalize on the growing demand for automotive aftermarket products in Europe.

Relevance to Auto Partner S.A. Business Profile

This article highlights Auto Partner S.A.'s financial performance, strategic investments, and market expansion, which align with its core business model of leveraging logistics efficiency and a broad product assortment to meet the growing demand in the automotive aftermarket sector.

Auto Partner S.A. Reports Solid Financial Performance in H1 2025 Amid Strategic Expansion

Auto Partner S.A., one of Poland's leading automotive spare-parts distributors, has reported a 7.7% increase in revenue for the first half of 2025, reaching PLN 2.21 billion compared to PLN 2.06 billion in the same period last year. The company achieved a gross profit of PLN 578.8 million, marking a 3.9% year-on-year growth, while maintaining a robust gross margin despite challenges such as rising operational costs and fluctuating exchange rates. Net profit for the period stood at PLN 97.2 million, slightly lower than the PLN 97.25 million recorded in H1 2024, primarily due to initial costs associated with the new logistics hub in Zgorzelec.

Auto Partner continues to expand its operations, with a focus on international markets and the development of proprietary brands like MaXgear, Quaro, and Rooks. The company has also made significant investments in infrastructure, including the activation of a new logistics hub in Zgorzelc and plans for further expansion in Germany. The company’s export sales grew by 8.7%, outpacing domestic growth of 6.6%, reflecting its successful international strategy.

Despite a slight decline in net profit, the company has maintained a strong financial position, with a 63.3% equity ratio and a 15% increase in fixed assets. Auto Partner also reported a significant improvement in cash flow from operating activities, which reached PLN 239.1 million, up from PLN 226 million in H1 2024.

Relevance to Auto Partner S.A.: This article highlights Auto Partner S.A.'s financial performance and strategic initiatives, aligning with its profile as a leading player in the automotive aftermarket industry in Poland and Europe.

Auto Partner S.A. Reports Solid Q1 2025 Performance Amid Market Challenges

Auto Partner S.A., one of Poland's leading automotive spare-parts distributors, reported a 7.9% increase in revenue for Q1 2025 compared to the same period last year, reaching PLN 1.073 billion. The company achieved a net profit of PLN 39.2 million, slightly down by 2.7% year-on-year. The growth in revenue was evenly distributed between domestic sales (+8.1%) and exports (+7.7%), despite a challenging market environment marked by declining EUR/PLN exchange rates and rising labor costs due to an increase in the minimum wage.

While the gross profit margin slightly decreased to 25.4% from 26.2% in Q1 2024, the company managed to maintain cost discipline, with operating expenses growing at a slower rate (5.6%) than revenue. Auto Partner also highlighted ongoing investments in automation and efficiency improvements to mitigate rising costs. The company continues to expand its logistics network, with a new logistics center in Zgorzelec expected to be operational by late 2025 or early 2026.

Despite the slight decline in net profit, Auto Partner remains focused on its strategic goals, including scaling operations, diversifying its product portfolio, improving profitability, and expanding into new markets. The company also announced a proposed dividend of PLN 0.15 per share for 2024, subject to approval at the upcoming General Meeting.

Relevance to Auto Partner S.A. Business Profile

This article highlights Auto Partner S.A.'s financial performance, strategic initiatives, and market challenges, aligning with its profile as a leading automotive spare-parts distributor focused on growth, efficiency, and market expansion.