Inter Cars to invest PLN 1.6 billion in logistics in 6 years, result in improved operating margin

Inter Cars will invest PLN 1.6 billion in logistics over six years, informed the company’s CFO Piotr Zamora. The company will complete investments in two warehouses in Zakrętym and launch them in the first quarter of 2024, and plans to complete the investment in Romania around mid-2025. From 2025/2026, the cumulative effect of the investment should translate positively into an operating margin of 1 percentage point.

“As far as our investments in logistics are concerned, in March we started the construction of a new hall in Zakrętym and investments in the robotization of the existing hall in Zakrętym. We are currently at the stage of finalizing the investment and we plan to launch these two warehouses in the first quarter of 2024. The second investment in logistics is an investment in Romania and we are talking about investing in a rented warehouse and changing the location of the existing warehouse and in this case we are talking about the first fully robotic warehouse, and the planned completion of the investment in Romania is around mid-2025. This is only part of the entire investment program that we have decided on and the total cost in logistics is PLN 1.6 billion over six years – this will include investments, among others: in the south of Poland, as well as near Poznań and further robotization in Zadrożym,” Zamora said during a teleconference.

“We assume in our projects that from the turn of 2025/2026 the cumulative effect of the investment should translate positively into the operating margin of approximately 1 percentage point. If we include a warehouse in Brasov [Romania] and make investments in Sosnowiec, that will be a big part of taking advantage of improvement and leverage in our business,” he added.

In May, the company announced that Inter Cars would allocate approximately PLN 300 million for the project launched in March this year. investment in robotization of the warehouse in Zakrętym, half of which this year and the other half by the second quarter of 2024, and in total within 5 years the company plans to invest PLN 1.2 billion in robotization in four locations, and in the following years there should be it is approximately PLN 250-300 million per year.

Inter Cars is the largest distributor of spare parts for passenger cars, vans and trucks in Central and Eastern Europe. The company debuted on the Warsaw Stock Exchange in 2004; is included in the mWIG40 index. The company’s revenues amounted to PLN 14.91 billion in 2022.

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