Auto Partner (APR) Q1 2025 earnings summary

Executive summary

• Achieved record Q1 2025 revenue of PLN 1,073.3 million, up 7.9% year-over-year, with balanced growth in both domestic (+8.1%) and export (+7.7%) markets.

• Net profit was PLN 39.2 million, down 2.7% year-over-year, mainly due to margin pressure from FX and higher labor costs.

• Gross margin declined to 25.4% from 26.2% year-over-year, reflecting FX headwinds and price decreases in some merchandise.

• Continued international expansion, with exports accounting for close to 51% of total revenue.

• Plans underway to open a new, highly automated 30,000 m² distribution centre in Zgorzelec by late 2025 or early 2026.

Financial highlights

• Revenue rose 7.9% year-over-year to PLN 1,073.3 million in Q1 2025.

• EBITDA increased 3% to PLN 71.0 million; EBIT up 1% to PLN 56.5 million.

• Net profit declined 2.7% year-over-year to PLN 39.2 million.

• Gross profit reached PLN 272.6 million, up 5% from Q1 2024.

• EPS was PLN 0.30 in Q1 2025 versus PLN 0.31 in Q1 2024.

Outlook and guidance

• Positive outlook for the automotive parts distribution market, with focus on margin and cost control.

• Management expects continued focus on cost discipline and process automation to offset wage pressures.

• Business scale expected to expand further with the launch of the new Zgorzelec distribution centre.

• Key future factors: completion of new logistics center, inflation, FX rates, and market interest rates.