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 30,000-population Silesian town

Auto Partner S.A. - headquartered at ul. Ekonomiczna 20 in Bieruń (Silesia), 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 most dynamically growing mWIG40 issuers of the past decade. From the IPO in June 2016, the share price has multiplied many times over, taking 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 operator competing on scale with international groups such as Inter Cars, Stahlgruber, and AD International.

AUTO Partner

BIERUŃ · KRS 0000291327 · SPÓŁKA AKCYJNA

Revenue

4.4 B PLN

Bieruń, ul. Ekonomiczna 20: an unusual headquarters for an mWIG40 - a 30,000-resident Silesian town

Bieruń is a small town in the southern part of the Silesian voivodeship, about 25 km from Tychy and 50 km from Katowice - population just over 30,000. For a stock-exchange-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 A1/A4 motorway corridor, which historically shaped the choice of headquarters and main distribution centre.

The company has operated in its current legal form (joint-stock company under KRS number 0000291327) since 31 October 2007. The company's earlier history goes back to 1993, when co-founders Aleksander Górecki and Andrzej Manowski began trading as a single-person auto-parts distributor in southern Poland. After conversion to a joint-stock company in 2007, the company 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 became standard for KRS-registered entities on 1 January 2026. Under Polish PKD codes the principal activity is classified under 45 (wholesale and retail trade of motor vehicles and motorcycles, 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.

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: two clearly dominant participants - Auto Partner (Bieruń, mWIG40) and Inter Cars (Cząstków-Mazowiecki, mWIG40). Together they account for the bulk of turnover on the Polish independent market (outside OEMs and their authorised service networks). Inter Cars is larger globally; Auto Partner has a stronger southern-Poland base - both grow in double digits each year, riding the ageing of the Polish car park (average age above 14 years).

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

• Independence from 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). The customer is mainly the mechanic shop, which picks the 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 park.
• Regional network as the operational moat - 120+ branches across Poland give workshops "next-day" or even same-day delivery. This is critical for mechanics who lose time without parts. Online competition (Allegro, Amazon) does not replace this model - workshops buy wholesale on the 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 car-park structure and a similar demand profile. For Auto Partner this is the cheapest expansion route - no need to fundamentally rework the business model.

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

“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 park - the average age of a Polish passenger car is over 14 years (one of the highest in the EU). The older the car, the more frequent the repairs and the higher the parts demand - this is 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; in fact it often increases it (customers choose to repair rather than replace).
• Marginal dividend policy - Auto Partner has historically paid very modest dividends (on the order of PLN 0.10–0.40 per share, yield 1–2%), channelling most profit into branch-network expansion. For income investors the company remains uninteresting - the appeal lies in price appreciation, not payouts.
• FX and logistics risk - exports to CEE generate revenue in euro, Czech koruna, Hungarian forint, Romanian leu, Ukrainian hryvnia. International logistics is also cost-intensive - fuel, road tolls, exchange rates. In a year of a strong zloty the company reports weaker PLN-translated results; in a year of a weak zloty - the reverse.

In Bieruń and the surrounding Upper Silesia towns, Auto Partner is one of the largest private employers outside mining and metallurgy - together with regional warehouses and the 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: 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, 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 - important 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; PKD classification 45 (wholesale and retail trade of motor vehicles); editorial estimates for distribution-network size and aftermarket position, as of 2026-05-01.