Autohellas Financial Highlights Q1 2018

Published at: 22/05/2018

Positive momentum in turnover and significant improvement in operating profitability in seasonally weak first quarter

Autohellas announces the results of the first quarter of 2018, showing a significant increase of 53.7% in consolidated revenue, which amounted to €96.9mil. compared to €63.0 mil. in 2017.

Car rental revenue in Greece and abroad, the Group's core business, increased by 14% in the first quarter of 2018 and reached € 33.5 mil. from € 29.4 mil. in 2017. This momentum, in tourism’s weakest quarter, comes mainly from corporate leases. Additionally, fleet used car disposals reached € 10.3 mil., an increase of 19%.

At the same time, car trade and services, boosted by the slight recovery of the market but also by the acquisition and incorporation, since 31/12/2017, of the importing and distribution activities of HYUNDAI & KIA, added a total of € 53.0 mil. to the Group's revenue compared to € 24.9 mil. in 2017 and contributed positively to the operating result.

Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 30,3%, reaching €24,5 mil., while earnings before interest and tax (ΕΒΙΤ) increased by 81,1%, reaching €6,7 εκ. Finally, the Group’s consolidated earnings after tax (ΕΑΤ) for Q1 2018 reached €1,6 mil. compared to €0,2 mil. in the same period last year.


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