Euro Car Parts More than Doubles Pre Tax Profits

Aftermarket parts supplier Euro Car Parts (ECP) has reported pre-tax profits of over £17 million in 2009, two and a half times the £6.6 million figure it reported in 2008. According to the company, this has been achieved through partnerships with many leading original equipment brands. In 2009, ECP entered into a long term agreement, which added TMD's PAGID friction brand to a portfolio, which already included the likes of Bilstein, Bosch, Continental, Denso, Exide, Sachs and Valeo, amongst others. For 2010 and beyond ECP is actively engaged in further expanding this partnership with other blue-chip automotive brand names, so that all parties can benefit from the partnership.

Company representatives report that the plan is to accelerate this programme during 2010, with the ultimate aim being coverage of 98 per cent of the UK market – three quarters of which ECP aims to provide with delivery of parts "within-the-hour". ECP's biggest investment in its future is the building of its new 400,000 square foot logistics facility.

The National Distribution Centre (NDC) will be located in the centre of the UK, close to the main motorway networks and will open in August this year.

“Euro Car Parts has been through a step change in terms of its operation in the last five years. During this time, the company has evolved from a German, Scandinavian and French car parts specialist, into a full ‘All-Makes’ supplier, with over 100,000 different parts stocked – by far the biggest range in the business…We are delighted to announce these results. However with the profit, we aim to improve our business and provide more services/products to our customers. Therefore we have continued to re-invest our cash flow into the building blocks for future growth,” ECP Chairman, Sukhpal Singh commented.