Overview of the financial results of the Inter Cars Group
for the first and half of 2023 

The consolidated revenues on the Group‟s sales In the 1H2023 increased by 25% compared to the same period of 2022. The high sales dynamics were the result of continued high demand and high production costs, which resulted in automatic price increases, as well as the development of sales in foreign markets.

Consolidated margin on sales amounted to 29.2%. In the first half of 2023 the influence of currency exchange gains and losses on the margin was -0.6 percent points, whilst in the same period of 2022 it was at the level of -0.3 percent point. After elimination of exchange rate differences, the margin would amount to 29.8% for 1H 2023 and 31.3% for 1H 2022.

In the second quarter of 2023, the decrease in profit is mainly due to the strengthening PLN/EUR exchange rate as well as a temporary decrease in margins caused by the sale of more expensive goods purchased at a higher exchange rate and an increase in costs resulting from the general situation in the economy.

To learn more about Inter Cars Group's detailed financial results, please read the semi annual report: https://inwestor.intercars.com.pl/files//raporty/polroczne/2023_IC_semi_annual_report.pdf  and and investor presentation: https://inwestor.intercars.com.pl/en/stock-and-financial-information/presentations/ 

The most recent data available: Inter Cars Group sales in August 2023