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.
Interim report Q1 2025 – CEO review
“The start of the first quarter was subdued in the car trade. In January–March, the number of registrations of new passenger cars was 9.5% lower than in the corresponding period in the previous year. The Group’s revenue in the first quarter was EUR 115.5 million, and its adjusted EBITDA was EUR 2.3 million. The adjusted operating profit turned into a loss and was EUR -1.4 million. Profit for the review period increased significantly and was EUR 10.9 million due to the divestment completed in January 2025. However, in light of our order figures, we recognise cautious signs of a pick-up in the car trade, with orders for passenger cars in the first quarter increasing cumulatively by 23% compared with the previous year.
The challenging early part of the year for car sales was reflected in both new car sales and used car sales. The Passenger Cars segment’s revenue decreased by 15 percent compared to the corresponding period last year and was EUR 84.2 million and the adjusted operating profit was EUR -2.4 million. The number of invoices invoiced for used cars decreased by 13.3 per cent to 2,177. In addition, the profitability of the Passenger Cars segment was weakened by the reorganisation measures of the stock of used cars burdening profitability. The subdued development of the car trade was also reflected in the maintenance and repair operations. The net sales of Maintenance Services were EUR 24.1 million and the adjusted operating profit was EUR 1.1 million. The turnover of Heavy Equipment was EUR 6.4 million.
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
0.198 EUR
Share price
Wetteri Plc
MEUR 514,5
Revenue 2024
MEUR 20,7
EBITDA
