Share price of Inter Cars – almost 30% up

23 May 2013, 19:29

Inter Cars share price reached the highest level for over 5 years – 112.9 PLN. Exchange quotation of Inter Cars S.A., as opposed to general trend on Warsaw Stock Exchange, systematically grow since the beginning of this year. During this time, market capitalization of the company grew by 30%.

In coming months the Company is expecting very good sales dynamics. The main aim of the Company is bigger growth rate than the rest of the market.

DM IDM analyst, Sylwia Jaśkiewicz, in interview with parkiet.com assumed that she expects that second and other quarter will be successful for Inter Cars. Great revenue results recorded in April seem to confirm this, as they compensated the company previous weaker months.

The analysis shows that automotive spare parts market in Europe and in Poland, after weaker last year, are now waking up. Because of having a leading position in the market, Inter Cars will be the main beneficiary of this trend.