- In the first half of 2024, the OPONEO.PL Group increased its revenues by 10% and its net profit by 213%.
- The Group maintains stable revenue levels despite unfavourable geopolitical conditions that impact the market situation.
The increase in the Group’s revenue was primarily influenced by a 6.6% increase in revenue of the parent company to PLN 640,948 thousand and the subsidiary Dadelo SA with a result of PLN 159,784.8 thousand (61.7% increase). Revenue from the sale of car accessories accounted for 76.03% of total revenue, reaching PLN 659,950 thousand, which means an increase of 5.47% compared to the first half of 2023. The largest increase in revenue, by 60.7%, was achieved from the sale of goods in the bicycle accessories segment, reaching PLN 157,841 thousand. The tools segment recorded a 29.9% decrease in revenue from the sale of goods compared to the previous period, reaching PLN 42,036 thousand.
Tire sales at Oponeo.pl
Tire sales in the OPONEO.PL Group in the first half of 2024 amounted to 1,969.9 thousand tires, i.e. 9.0% more than in the same period of the previous year. OPONEO.PL alone sold 1,842.1 thousand tires in the first half of 2024, which constitutes 93.5% of all tires sold by the Group. The increase in the number of tires sold is realized in a situation of declining sales on the market.
The Group generated a net profit of PLN 28,369 thousand, which means an increase of over 213% compared to the same period of the previous year. Gross profit on sales increased by 39.3% compared to the first half of 2023, reaching PLN 204,232 thousand. The gross sales profitability ratio for the first half of 2024 was 23.53%.
Oponeo.pl subsidiaries
In addition to the sale of tires and rims, the OPONEO.PL Group also sells goods in two other segments. In the bicycles, bicycle parts and accessories segment through Dadelo SA and in the power tools and tools segment through ROTOPINO.PL SA. In the first half of 2024, the revenues of the subsidiary Dadelo SA increased by 61.7%, reaching PLN 159,784.8 thousand, thus accounting for 18.41% of the total revenues of the OPONEO.PL Capital Group for the first half of 2024. The revenues of the subsidiary ROTOPINO.PL SA decreased by 30% and amounted to PLN 42,099 thousand, which constituted 4.85% of the Group's total revenues.
OPONEO.PL Group Development and Plans
In the second half of 2024, the OPONEO.PL Group will continue its activities aimed at strengthening the market position of OPONEO.PL SA and its subsidiaries. Work will continue to further develop process automation in the new logistics center in Zelgoszcz.
