LKQ Europe Delivers Impressive Full-Year 2021 Performance with Good Segment Revenue and EBITDA Margin Growth

Full-year revenue growth of 10.4% to $6.1 billion, with an EBITDA margin of 10.2% in the European segment

Zug, Switzerland. LKQ Corporation (Nasdaq: LKQ), the parent company of LKQ Europe, yesterday announced fourth quarter and full year 2021 results that reflect continued progress in the company’s operational excellence program and strategic initiatives.

LKQ North America Headquarters

“We had strong results in the fourth quarter, and it was a great end to the year. Despite significant supply chain disruptions, labor shortages and inflationary pressures, we delivered the most profitable year in the Company’s history. I would like to thank our global teams for delivering on our strategic initiatives in 2021 focusing on profitable revenue growth, sustainable margin expansion and generation of high levels of cash flow,” said Dominick Zarcone, President and CEO of LKQ Corporation. “Continued strong cash flow generation has allowed us to maintain our balanced capital allocation policy, and through our share buyback program and the payment of the inaugural quarterly dividend, we have returned $950 million to our shareholders in 2021.”

LKQ Corporation’s worldwide revenue for the fourth quarter of 2021 was $3.2 billion, an increase of 7.9% from $3.0 billion in the fourth quarter of 2020. 2021 full-year revenue was $13.1 billion, an increase of 12.6% from $11.6 billion for the full year 2020.

LKQ’s European segment reported revenue growth of 4.4% to $1.5 billion in the fourth quarter of 2021, compared to $1.4 billion in the fourth quarter of 2020. The segment’s EBITDA margin for the fourth quarter was 8.9%.

LKQ Europe’s full-year 2021 revenue was $6.1 billion, an increase of 10.4% from $5.5 billion for the same period of 2020. The segment’s EBITDA margin for the full year was 10.2%.

“We are very pleased with the 2021 results. After a strong fourth quarter, the LKQ Europe team also delivered an impressive performance for the full year. Despite the current market challenges, we were able to further increase the European Segment revenues and EBITDA margins. However, uncertainties have increased significantly due to continued high inflation, Covid-19, as well as ongoing challenges in 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, especially in Eastern Europe and West,” said Arnd Franz, CEO of LKQ Europe.

About LKQ Europe
LKQ Europe, a subsidiary of LKQ Corporation, headquartered in Zug, Switzerland, is the leading distributor of automotive spare parts for cars, vans and industrial vehicles in Europe. It currently employs around 26,000 people with a network of over 1,000 branches and a turnover of around $6.1 billion in 2021. The organization supplies around 100,000 independent workshops in more than 20 European countries.

The group includes Euro Car Parts, LKQ Fource, RHIAG Group, Elit, Auto Kelly and STAHLGRUBER Group, as well as recycling specialist Atracto. LKQ also holds a minority stake in Mekonomen Group.

Further information, audio webcast of the fourth quarter earnings call and accompanying slide presentation can be viewed at www.lkqcorp.com in the Investor Relations section.

Investor Relations
Joseph P. Boutross
Vice President, Investor Relations
LKQ Corporation
J +1 312 621-2793
E jpboutross@lkqcorp.com

European media contact
Dr. Christiane Lesmeister
Communications Director
LKQ Europe GmbH
Zählerweg 10
6300 Zug
J +41 41 884 84 41
M +41 79 728 65 84
E christiane.lesmeister@lkqeurope.com

Mary I. Bruner