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 on January-September 2024
On November 21, we announced that Wetteri will sell its subsidiary, Wetteri Power Oy, which operates in the sales and maintenance of Volvo and Renault-branded trucks. The purchase price of the transaction is approx. EUR 32.5 million and the implementation of the transaction is estimated to take place around years end. This transaction is very positive for Wetteri’s shareholders. The acquisition significantly strengthens Wetteri’s balance sheet as well as its ability to execute strategic acquisitions and thus provides excellent support for the company’s growth strategy. Profitable growth also opens opportunities to pay dividends in the future.
The automotive industry is going through a historical transformation and the operations will be focused on a few big players. Our goal is to grow into Finland’s largest full-service multi-brand car company, and this transaction takes us towards this goal. We see that now is the right time to invest in the growth of the passenger car business. We will continue to develop the heavy equipment business, for which we have excellent prerequisites thanks to this transaction. We have a strong position in the used truck trade and expanded our business by starting to import earthmoving machinery. Truck maintenance will continue with five brands.
Read moreGoals
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
0.279 EUR
Share price
Wetteri Plc
MEUR 191,8
Revenue 2022
(Shorter financial year)
MEUR 9,8
EBITDA 2022
