CAR Group Limited (CAR) Q2 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, good afternoon, ladies and gentlemen. I would like to welcome you to our regular teleconference meeting with our board. Today we will talk about the result of the second quarter of 2024. We will start in a moment. Just let in all the interested people. OK, we can start. So I'll just start the recording. OK. Hello, ladies and gentlemen. Just a moment. I just have to... OK. Welcome to our regular meeting regarding the result of the second quarter of 2024. Today's meeting will be held by the vice president of Intercars, Krzysztof Soszyński, and member of the board, Piotr Zamora. The first part of the teleconference will be provided by our board and there will be the information about our results and on the second part of the meeting you will have possibilities to ask the questions and get the answer, of course. Our meeting will be recorded and recordings will be uploaded to our relation site. So please, Krzysztof. Good afternoon, ladies and gentlemen. We will start from the description of the market, as well as the company, because I think the second time, together with Peter, we started to prepare this phone teleconference in English. The European spare parts market has a stable basis for growth following a period of adjustment after COVID-19. and supply chain issues on the supply side. Supply now exceeds demand. This trend is observed across the United States, Western, Central and Eastern Europe. Our target group for intercourse is B2B, car repair shops, point of fixing, which accounts for Intercars around 74% of our sales. We act as a one-stop shop. Intercars provides products and services to drivers, vehicle fleets and last mile forwarding companies throughout a distribution network. We supply parts and added value to 100,000 regular customers in the category...