STRONG THIRD QUARTER RESULTS FOR LKQ CORP.

LKQ Corp, the parent company of LKQ Europe, has posted strong third-quarter financial results.

Arnd Franz (File photo)

Global revenue for the third quarter of 2021 was $3.3 billion, an increase of 8.2% as compared to $3.0 billion in the third quarter of 2020, reflecting the pandemic impact during the third quarter of 2020. LKQ’s European segment achieved a revenue growth of 2.7% to $1.53 billion in the third quarter 2021, as compared to $1.48 billion in the third quarter of 2020.

READ: COST CUTTING ATTRIBUTED FOR RISE IN REVENUE AT LKQ EUROPE

“In a demanding environment with increasing supply chain cost and Covid-19-related restrictions, the LKQ Europe team continued to drive positive results. I am encouraged by the sustained focus of our employees on our customers, driving efficiency and consequently expanding our operating margins. The execution of the 1 LKQ Europe program continues to show results,” said Arnd Franz, CEO of LKQ Europe.

Published by Greg Whitaker

Editor of CAT Magazine and an experienced motoring journalist @GregWhitaker5

GSF adds Lucas parts to shelves in new partnership

The range will cover more than 8700 SKUs and 95% of the vehicle parc

Read More

New area sales manager joins at GYS

All the latest changes from across the sector, including new roles, promotions, and retirements

Read More

IMI calls for greater urgency in apprenticeships reform

Call comes after “critical” pipeline into the automotive industry dropped slightly in 2023-24

Read More

Tetrosyl acquires home improvements product firm Bartoline

Bartoline makes products such as wallpaper adhesive and surface filler

Read More

Get ready for EVs now, Delphi boss urges technicians

“If they have to say, sorry, I can’t work on EVs, they turn the customer away, and they don’t want to do that”

Read More

Join the debate

1 Comment

Your email address will not be published. Required fields are marked *

  1. the European section looks sluggish on growth and is probably a minus if you allow for price inflation. Not enough to keep the American bankers happy.