Despite the crisis, Parts Holding Europe (PHE) achieved a turnover of 1.76 billion euros last year (-2%). A contained decline for the parent company of the Autodistribution group which plans to relaunch its IPO project.

After a start to the year marked by an increase in turnover and strong organic growth, the Group suffered, between March and May 2020, the repercussions of the Covid-19 pandemic on all its markets (France, Benelux, Italy and Spain). As the Group’s business sector was declared essential, management made the strategic decision to keep the Group’s sites open during periods of confinement and to act as a corporate citizen, thanks to the concerted efforts of the teams. and the implementation of health measures guaranteeing the highest level of safety for its employees. This choice allowed PHE to maintain continuous customer service and to take advantage of the market recovery as soon as the containment measures ended. Thus, from the resumption of automobile traffic, In the 4 th quarter of 2020, new containment measures and travel restrictions in Europe again weighed on the market, but to a lesser extent. The Group has, once again outperformed the market, not undergoing a very limited impact on sales (sales in 4 th quarter (Q4) up slightly by + 0.4% compared to Q4 2019 ).

Successful integration of AD Bosch in Catalonia (Spain), confirming the Group’s ability to develop in neighboring countries through value-creating acquisitions

AD Bosch, a company based in Catalonia and acquired by PHE in 2019, recorded very good results throughout 2020, despite the significant repercussions of Covid-19 in Spain, as evidenced by its organic growth of + 3.4%. AD Bosch is now integrated and synergies are starting to materialize, which provides the Group with an excellent anchor point to develop in the Iberian Peninsula.

The fundamentals of the independent spare parts distribution market remain healthy and attractive, particularly in view of the increase and aging of the vehicle fleet, with structural opportunities favorable to growth prospects. PHE intends to pursue its strategy of profitable growth in the years to come, with solid organic growth, above the market, associated with international expansion with high added value in neighboring countries.

As part of its development strategy, PHE and its majority shareholders are likely to consider a possible initial public offering of the Group on Euronext Paris in 2021 or 2022 , depending on market conditions.

Parts Holding Europe 03.03.2021