Auto Partner recorded PLN 41.64 million of consolidated net profit in Q4 2021 compared to PLN 29.11 million profit a year earlier, the company said in the report. The operating profit amounted to PLN 54.99 million versus PLN 41.62 million profit a year earlier. Consolidated sales revenues amounted to PLN 587.49 million in Q4 2021 compared to PLN 433.14 million a year earlier.
Throughout 2021, the company had PLN 186.02 million of consolidated net profit compared to PLN 110.98 million profit a year earlier, with sales revenues of PLN 2,262.02 million compared to PLN 1,670.44 million a year earlier . The EBITDA result was respectively: PLN 265.19 million compared to PLN 173.79 million a year earlier.
In 2021, Auto Partner opened 14 new branches in Poland and, as a result, their total number is 106. An important element in the Group’s development in 2021 was also the expansion of the network of independent garages under the MaXserwis brand, as well as the development of the range of high-margin MaXgear own-brand products. The total warehouse space of Auto Partner is over 100,000 sq m. m2, are further mentioned in the information.
“We have once again proved that we are making excellent use of the current situation in the industry, i.e. the growing demand for car parts. In addition, the prices of parts are also getting higher, incl. as a result of macroeconomic factors. Their distributors, i.e. the aftermarket, benefit from all this. The combination of a very good situation in the industry and the strong Auto Partner brand translated into our record results. What’s more, we still see good prospects for further development, ”commented President Aleksander Górecki, quoted in the press release.
On a standalone basis, the net profit in 2021 amounted to PLN 186.06 million, compared to PLN 116.06 million profit a year earlier.
The Auto Partner Group is an importer and distributor of parts for passenger cars and delivery vans. He cooperates with suppliers of spare parts in the area of the so-called aftermarket as well as OEM suppliers from all over the world. The company has been listed on the WSE since 2016. Its consolidated sales revenues reached PLN 2.26 billion in 2021.