Vladimír Urbánek (Kurzy.cz)
Czech markets  |  October 08, 2012 09:06:51

AAA Auto wants to expand again - 10 branches in the Czech Republic, Slovak Republic and 7 to 6 in Russia


AAA Auto Group on Friday announced the expansion plan for current and new markets. Over the next five years Auto AAA wants to open another 10 car centers in the Czech Republic (now 19), 7 in the Slovak Republic (now 10) and 6 in Russia (now 1). Along with plans to open branches in Hungary, Poland and Ukraine. AAA Auto materialized so plan to return to other markets, which had to stop with the advent of the economic crisis in 2008. By 2017 the group expects average annual revenue growth of 22%, and the EBITDA margin should hold between 8.5 and 9%, with the opening of new branches will be cut short (higher cost).


In addition to the expansion of existing markets but also plan to return to the Hungarian market in 2014, which would be built every two car centers in each of the following years. In Poland, the company wants to return in 2015 and opened a branch there after one year. Completely new market with scope AAA Auto would be in 2016 to become the Ukraine, where expansion plan envisages the same frequency as opening new branches in Poland. Overall, the plan is to increase the number of car centers to 66 in 2017 from 30 this year, the management expects average annual growth in total sales and the volume of financial services by 17% annually, and revenues by 22% annually. Introduced plan is perceived as very courageous and ambitious.The company has with the expansion of the recent past nega tive experience, but if the intention had been successful, it would represent a strong organic growth of the company and continued growth in profits for its shareholders. This plan could also increase the attractiveness of AAA Auto for potential candidates for recently offered a majority stake AJ Denny.

George Šimara

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Read also:

November 08, 2012Auto ESA expands to open ten new branches Mediafax (Mediafax)
April 13, 2012AAA Auto has opened a full-fledged branch in Cyrrus (Cyrrus)
September 12, 2011AAA Auto otevřela první pobočku v Rusku Cyrrus (Cyrrus)
October 25, 2010AAA Auto opět pošilhávají po expanzi do Ruska Cyrrus (Cyrrus)
October 18, 2010AAA Auto ve 3Q prodala 10 777 aut Vladimír Urbánek (Kurzy.cz)

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