Earnings expansion of two.7% to $1.53 billion and EBITDA margin build up to 11.5% within the Eu phase
Zug, Switzerland. LKQ Company (Nasdaq: LKQ), the guardian corporate of LKQ Europe, as of late reported 3rd quarter 2021 effects that mirror endured power for the Corporate in a lot of key metrics together with overall earnings, phase profitability and loose money glide.
“Our working excellence projects proceed to force report effects for LKQ; within the quarter, we recorded the best possible 3rd quarter EPS and Section EBITDA margin within the Corporate’s historical past. We’re in particular happy with the result of our Europe phase, as its 3rd quarter margin of eleven.5% is the best possible in over 9 years. This efficiency validates our self belief within the 1 LKQ Europe program, the strategic projects that underpin it, and the functions of the workforce riding the implementation,” famous Dominick Zarcone, President and Leader Government Officer of LKQ Company.
International earnings for the 3rd quarter of 2021 was once $3.3 billion, an build up of 8.2% as in comparison to $3.0 billion within the 3rd quarter of 2020, reflecting the annualization of the pandemic affect throughout the 3rd quarter of 2020. LKQ’s Eu phase accomplished a earnings expansion of two.7% to $1.53 billion within the 3rd quarter 2021, as in comparison to $1.48 billion within the 3rd quarter of 2020.
“In a not easy atmosphere with expanding provide chain price and Covid-19-related restrictions, the LKQ Europe workforce endured to force sure effects. I’m inspired by means of the sustained focal point of our staff on our consumers, riding potency and because of this increasing our working margins. The execution of the 1 LKQ Europe program continues to turn effects,” mentioned Arnd Franz, CEO of LKQ Europe.
About LKQ Europe
LKQ Europe, a subsidiary of LKQ Company, with its head place of job in Zug, Switzerland, is the main distributor of car aftermarket portions for vehicles, business vehicles and business automobiles in Europe. It lately employs roughly 26,000 folks with a community of one,000 branches and roughly USD 5.5 billion in earnings in 2020. The group provides round 100,000 unbiased workshops in over 20 Eu nations.
The crowd comprises Euro Automotive Portions, Fource, RHIAG Staff, Elit, Auto Kelly, and STAHLGRUBER Staff, in addition to recycling specialist, Atracco. LKQ additionally holds a minority pastime in Mekonomen Staff.
Additional data, the audio webcast of the primary quarter income name, and the accompanying slide presentation can also be accessed at www.lkqcorp.com within the Investor Members of the family phase.
Investor Members of the family Touch
Joseph P. Boutross
Vice President, Investor Members of the family
T +1 312 621-2793
E [email protected]
Media Touch Europe
Dr. Christiane Lesmeister
Director of Communications
LKQ Europe GmbH
T +41 41 884 84 41
M +41 79 728 65 84
E [email protected]