LKQ Corp, the parent company of LKQ Europe, has posted strong third-quarter financial results.
[caption id="attachment_23591" align="alignright" width="300"] Arnd Franz (File photo)[/caption]
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.
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.