LKQ Europe shows impressive Performance for the Full Year 2021 with good Growth in Revenue and Segment EBITDA Margins

0 0
Read Time:3 Minute, 13 Second



Full yr income development of 10.4% to $6.1 billion, with EBITDA margin at 10.2% within the European segmentZug, Switzerland. LKQ Company (Nasdaq: LKQ), the mum or dad firm of LKQ Europe, yesterday reported fourth quarter and full yr 2021 outcomes that mirror continued progress with the Firm`s operational excellence program and strategic initiatives.LKQ Headquarter North America“We delivered strong leads to the fourth quarter, and it was a robust end to a terrific yr. Regardless of going through important provide chain disruptions, labor shortages, and inflationary pressures, we delivered essentially the most worthwhile yr within the historical past of the Firm. I need to thank our international groups for delivering on our strategic initiatives in 2021 by specializing in worthwhile income development, sustainable margin growth, and driving excessive ranges of money circulate,” famous Dominick Zarcone, President and Chief Govt Officer of LKQ Company. “The continued sturdy money circulate technology enabled us to take care of our balanced capital allocation coverage, and thru our inventory repurchase program and inaugural quarterly dividend cost, we returned $950 million to our stockholders in 2021.”World income of LKQ Company for the fourth quarter of 2021 was $3.2 billion, a rise of seven.9% as in comparison with $3.0 billion within the fourth quarter of 2020. Income for the total yr of 2021 was $13.1 billion, a rise of 12.6% as in comparison with $11.6 billion for the total yr of 2020.LKQ’s European section achieved a income development of 4.4% to $1.5 billion within the fourth quarter 2021, as in comparison with $1.4 billion within the fourth quarter of 2020. The section EBITDA margin for the fourth quarter was 8.9%.LKQ Europe income for the total yr of 2021 was $6.1 billion, a rise of 10.4% as in comparison with $5.5 billion for a similar interval of 2020. The section EBITDA margin for the total yr was 10.2%.”We’re more than happy with the 2021 outcomes. After a robust fourth quarter, the LKQ Europe workforce additionally achieved a powerful efficiency for the total yr. Regardless of the present challenges available in the market, we had been capable of additional improve income and EBITDA margins of the European section. Nonetheless, uncertainties have elevated considerably on account of persistently excessive inflation, Covid-19, in addition to persevering with challenges within the international provide chains. We’re actively working to mitigate price will increase by pricing initiatives and productiveness measures. At the moment, we’re assured that we are going to meet the excessive expectations of our clients and buyers additionally in 2022. We need to proceed to develop, significantly in Japanese and Western Europe,” stated Arnd Franz, CEO of LKQ Europe.

About LKQ Europe
LKQ Europe, a subsidiary of LKQ Company, with its head workplace in Zug, Switzerland, is the main distributor of automotive aftermarket components for vehicles, business vans and industrial automobiles in Europe. It presently employs roughly 26,000 individuals with a community of greater than 1,000 branches and roughly $6.1 billion in income in 2021. The group provides round 100,000 unbiased workshops in over 20 European nations.The group consists of Euro Automobile Components, LKQ Fource, RHIAG Group, Elit, Auto Kelly, and STAHLGRUBER Group, in addition to recycling specialist, Atracco. LKQ additionally holds a minority curiosity in Mekonomen Group.Additional info, the audio webcast of the fourth quarter earnings name, and the accompanying slide presentation may be accessed at www.lkqcorp.com within the Investor Relations part.Investor Relations Contact
Joseph P. Boutross
Vice President, Investor Relations
LKQ Company
T +1 312 621-2793
E jpboutross@lkqcorp.comMedia Contact Europe
Dr. Christiane Lesmeister
Director of Communications
LKQ Europe GmbH
Zählerweg 10
6300 Zug
T +41 41 884 84 41
M +41 79 728 65 84
E christiane.lesmeister@lkqeurope.com



Source link

Happy
Happy
0 %
Sad
Sad
0 %
Excited
Excited
0 %
Sleepy
Sleepy
0 %
Angry
Angry
0 %
Surprise
Surprise
0 %

Average Rating

5 Star
0%
4 Star
0%
3 Star
0%
2 Star
0%
1 Star
0%