ON THE WAY TO BECOMING FINLAND ‘S LARGEST MULTI-BRAND DEALERSHIP
WETTERI IS AN AUTOMOTIVE GROWTH COMPANY
Wetteri is a Finnish consolidator of the automotive industry, with excellent prerequisites for navigating through the historic transformation of the automotive industry. Owner value arises from a comprehensive business model, organic growth, and acquisition-based growth accelerated by the transformation of the automotive sector.
Wetteri’s three business areas offer potential for growth and stability
Sale of passenger and utility vehicles
Wetteri has Finland’s largest multi-brand representation of vehicles. Wetteri’s multi-brand portfolio is a strategic choice that allows the company to meet the needs of different customer groups. The wide selection also mitigates company’s business risks.
Heavy vehicle business
The sale and long-term service and repair agreements of heavy vehicles form a substantial and highly profitable part of the group’s business. Integration into the customer’s business through after-sales services and maintenance contracts helps us create lasting customer relationships.
After-sales and repair services and spare parts sales
More than 75% of Wetteri personnel work in spare parts, service and repair operations. The company is authorised to service a total of 29 car makes.
CEO’s Review Q1 2024
“Considering the challenges in the operating environment, the first quarter of 2024 was favourable for Wetteri. The Group’s revenue was EUR 144.8 million, and its adjusted EBITDA increased to EUR 6.1 million. Adjusted operating profit remained at last year’s level and was EUR 2.5 million. Wetteri’s operational performance during the review period was affected by the harbour strikes in particular, which shifted deliveries of new cars from the normally busy March to the following months. The impact of the strikes was also reflected in spare parts logistics and, consequently, maintenance.”
Wetteri Plc interim report for 1 January to 31 March 2024: Favourable first quarter – strong growth in revenueGoals
We will become Finland’s largest and most profitable operator in the automotive industry by 2025.
Strategy
The automotive revolution is Wetteri’s growth driver. We are growing organically and through acquisitions.
Strengths
Wetteri’s strengths are its unique business model, multi-brand strategy and digital capabilities.
Over 60 years’ experience in car dealership
0.434 EUR
Share price
Wetteri Plc
MEUR 191,8
Revenue 2022
(Shorter financial year)
MEUR 9,8
EBITDA 2022
