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LKQ Europe tops second half 2020 segment EBITDA margin outlook - LKQ EUROPE
Strong second half in European segment with a
segment EBITDA margin of 8.9%, above the range of 8.0% to 8.5% presented at the September 2020 LKQ Investor Day.
Zug, Switzerland / News Aktuell. LKQ Corporation (Nasdaq:LKQ) reported fourth quarter and full year 2020 results on February 18, 2021 that reflect continued improvement in operational and balance sheet productivity and further debt reduction, despite softening revenue trends in many markets as a result of mobility restrictions from Covid-19.
Dominick Zarcone, President and Chief Executive Officer said: “We again delivered strong quarterly results, with the fourth quarter 2020 being the second highest quarterly earnings, and highest fourth quarter earnings, in the Company’s history. Our European segment completed a strong second half with a Segment EBITDA margin of 8.9%, above the range of 8.0% to 8.5% presented at our September 2020 Invest
LKQ Europe tops second half 2020 segment EBITDA margin outlook
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