Full year and Q4 growth for LKQ Europe

24 February 2022  

LKQ Corporation, the parent company of LKQ Europe, recently reported fourth quarter and full year 2021 results, with full year revenue growth of 10.4% to $6.1 billion, with earnings before interest, taxes, depreciation, and amortization (EBITDA) margin at 10.2%. Fourth quarter growth was 4.4% up at $1.5 billion. The segment EBITDA margin for the fourth quarter was 8.9%.

Global revenue of LKQ Corporation for the fourth quarter of 2021 was $3.2 billion, an increase of 7.9%. Revenue for the full year of 2021 was $13.1 billion, an increase of 12.6%.

Commenting on the results, Dominick Zarcone, President and Chief Executive Officer of LKQ Corporation said: “We delivered solid results in the fourth quarter, and it was a strong finish to a great year. Despite facing significant supply chain disruptions, labour shortages, and inflationary pressures, we delivered the most profitable year in the history of the Company

Arnd Franz, CEO of LKQ Europe added: “We are very pleased with the 2021 results. After a strong fourth quarter, the LKQ Europe team also achieved an impressive performance for the full year. Despite the current challenges in the market, we were able to further increase revenue and EBITDA margins of the European segment. However, uncertainties have increased significantly due to persistently high inflation, Covid-19, as well as continuing challenges in the global supply chains. We are actively working to mitigate cost increases through pricing initiatives and productivity measures. Currently, we are confident that we will meet the high expectations of our customers and investors also in 2022. We want to continue to grow, particularly in Eastern and Western Europe.”

For more information, visit: www.lkqcorp.com