Wetteri has Finland’s largest passenger car and heavy vehicles portfolio
Our goal is to become Finland’s largest and most profitable operator in the automotive industry by 2025
The automotive industry is going through a historic transformation. New distribution channels, emission-free technologies and digitalisation demand massive investments and reconstruct the typically fragmented market towards larger units. The automotive revolution is Wetteri’s growth driver: Large players benefit from the improved profitability and synergy benefits.
Growing both organically and through acquisitions, Wetteri is an active consolidator of the industry.
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 Q3 2023
“The period between January and September was strong for Wetteri, and our revenue increased 46 percent to EUR 312 million and adjusted EBITDA to 18 million euros. The Passenger Cars segment’s revenue increased by 59% from the previous year because of deliveries from the order backlog for new cars. In addition, the used car trade grew by nearly 20%. The Heavy Vehicles segment’s revenue increased by 21%, and the value of its order backlog stood at nearly EUR 19 million at the end of the review period. The Maintenance Services segment’s revenue increased by 46% in January–September. In new passenger cars, deals were closed at a relatively good level, and our order backlog continues to be nearly EUR 65 million.
We will become Finland’s largest and most profitable operator in the automotive industry by 2025.
The automotive revolution is Wetteri’s growth driver. We are growing organically and through acquisitions.
Wetteri’s strengths are its unique business model, multi-brand strategy and digital capabilities.
Over 60 years’ experience in car dealership
(Shorter financial year)