Auto Partner in 2026: Poland's largest independent auto-parts distributor, an mWIG40 issuer from Bieruń, exports across seven CEE markets

Auto Partner in 2026: 120+ branches across Poland, exports to seven CEE markets, an mWIG40 issuer from a Silesian town of 30,000

Auto Partner S.A. – headquartered at ul. Ekonomiczna 20 in Bieruń (Silesia) and registered in the KRS on 31 October 2007 under number 0000291327 – enters 2026 as Poland's largest independent auto-parts distributor and one of the fastest-growing mWIG40 issuers of the past decade. Since the IPO in June 2016, the share price has multiplied many times over, carrying Auto Partner from a little-known sWIG80 listing to a permanent mWIG40 constituent.

The group's operating scale shows in simple numbers: more than 120 regional branches spread across Poland, exports to seven countries (Czechia, Slovakia, Hungary, Romania, Bulgaria, Ukraine, Germany), and an in-house distribution fleet delivering parts daily from regional warehouses to mechanic shops. This is Poland's largest independent auto-parts logistics network – the only one competing on scale with players such as Inter Cars, Stahlgruber and AD International.

According to the company's 2025 financial statements, the Auto Partner group generated PLN 4.42bn in revenue (up 7.6% year on year from PLN 4.11bn) with net profit of PLN 198.9m – slightly below the PLN 208.0m earned in 2024, reflecting margin pressure amid continued expansion.

AUTO Partner

BIERUŃ · KRS 0000291327 · SPÓŁKA AKCYJNA

Revenue

4.4 B PLN

Bieruń, ul. Ekonomiczna 20: an unusual headquarters for an mWIG40 issuer – a Silesian town of 30,000

Bieruń is a small town in the southern part of the Silesian voivodeship, about 25 km from Tychy and 50 km from Katowice, with a population of just over 30,000. For a listed issuer with revenues measured in billions of zloty, this is an unusual address: most mWIG40 names are headquartered in Warsaw, Kraków, Wrocław or Poznań. Auto Partner remains the exception – its logistics core sits close to the Silesian-Małopolska junction of the A1 and A4 motorways, which historically shaped the choice of headquarters and main distribution centre.

The company has operated in its current legal form (a joint-stock company under KRS number 0000291327) since 31 October 2007. Its earlier history goes back to 1993, when co-founders Aleksander Górecki and Andrzej Manowski started out as a small auto-parts distribution business in southern Poland. After the 2007 conversion into a joint-stock company, the firm consistently scaled its regional-branch network, and the 2016 IPO supplied the capital for further domestic and international expansion.

The company has a registered electronic-delivery address (ADE: PL-33889-94547-SGWHS-15), confirming compliance with the e-delivery requirement that has applied to KRS-registered entities since 1 January 2026. Under Polish PKD codes, the principal activity is classified under 45 (wholesale and retail trade of motor vehicles, repair of motor vehicles) – including 4531 (wholesale of motor vehicle parts and accessories). The same PKD code covers every player on the Polish auto-parts market, from individual workshops to multinational distribution networks.

The Polish auto-parts market: two large WSE players, a duopolistic structure

The Polish auto-parts wholesale sector has a binary structure on the Warsaw exchange, with two clearly dominant participants: Auto Partner (Bieruń, mWIG40) and Inter Cars (Cząstków Mazowiecki, mWIG40). Together they account for the bulk of turnover on Poland's independent market (outside the OEMs and their authorised service networks). Inter Cars is larger globally; Auto Partner has a stronger southern-Poland base – both grow at double-digit rates each year, riding the ageing of the Polish car fleet (average age above 14 years).

Three structural mechanisms that explain Auto Partner's mWIG40 positioning:

• Independence from the OEMs – Auto Partner sells aftermarket parts sourced from dozens of suppliers (Bosch, Continental, Mahle, Valeo, FAG, NGK, plus dozens of own-label and Asian brands). Its customers are mainly mechanic shops, which pick a cheaper or equivalent alternative to original parts. The business is fully insulated from the new-car production cycle but tightly coupled to the size of the older car fleet.
• The regional network as an operational moat – 120+ branches across Poland give workshops next-day or even same-day delivery. This is critical for mechanics, who cannot work without parts. Online competition (Allegro, Amazon) does not replace this model – workshops buy wholesale day to day, not a month ahead.
• Exports as a growth vector – since 2018 Auto Partner has steadily built networks in Czechia, Slovakia, Hungary, Romania and Bulgaria. The CEE region has a similar fleet structure and a similar demand profile. For Auto Partner this is the cheapest expansion route – no fundamental rework of the business model required.

Implication for the investment profile: organic growth, a modest dividend, a cycle-sensitive valuation

“Auto Partner is a classic Polish mWIG40 multi-bagger of the past decade - from the IPO price of PLN 1.30 in 2016 the company has grown many times over per share, while dividends contributed only a marginal share of total return. All of the value was built through revenue and operating-margin growth. After mWIG40 inclusion and reaching a multi-billion-zloty scale, further upside is more limited, but the business model remains structurally resilient to the economic cycle.”

Three expected consequences for the investment profile in 2026:

• Structural demand from the age of the Polish car fleet – the average Polish passenger car is over 14 years old (one of the highest averages in the EU). The older the car, the more frequent the repairs and the higher the demand for parts – the foundation of Auto Partner's multi-year growth, independent of macro conditions. A consumer slowdown does not reduce demand for repairs of existing cars; it often increases it, as customers choose to repair rather than replace.
• A marginal dividend policy – Auto Partner has historically paid very modest dividends (on the order of PLN 0.10–0.40 per share, a 1–2% yield), channelling most profit into branch-network expansion. For income investors the company holds little appeal – the attraction lies in price appreciation, not payouts.
• FX and logistics risk – exports to CEE generate revenue in euros, Czech koruna, Hungarian forint, Romanian leu and Ukrainian hryvnia. International logistics is also cost-intensive – fuel, road tolls, exchange rates. In a strong-zloty year the company reports weaker PLN-translated results; in a weak-zloty year, the reverse.

In Bieruń and the surrounding towns of Upper Silesia, Auto Partner is one of the largest private employers outside mining and metallurgy – together with its regional warehouses and distribution fleet, the group employs several thousand people, ranking it among the top Silesian mWIG40 employers alongside Tauron (Katowice) and Grupa Azoty (Tarnów).

What you'll find in the Auto Partner profile

The Auto Partner S.A. profile in our database carries the full picture of the company: the composition of the four-member management board (CEO plus three members), the five-member supervisory board, the KRS registration history from 31 October 2007, the registered address at ul. Ekonomiczna 20 in Bieruń, the e-delivery status (ADE PL-33889-94547-SGWHS-15), and the assigned PKD codes classifying the activity as automotive-parts wholesale. The profile is also available in English – relevant for international investors in CEE-focused funds, since Auto Partner is one of the more visible Polish growth issuers in the automotive aftermarket segment.

Data: Polish KRS Court Register (KRS 0000291327); Auto Partner S.A. – annual reports 2023–2025; financial statements filed with KRS; PKD classification 45 (wholesale and retail trade of motor vehicles); editorial estimates for distribution-network size and aftermarket position, as of 2026-07-27.