Auto Hall’s consolidated net income stands at 87 million dirhams (MDH) at the end of June 2022, compared to 201 MDH in the same period of the previous year.
The result for the first half of 2021 excluding real estate stands at 117 million dirhams, indicates the group in a press release on its financial indicators.
The net result, meanwhile, stands at 270 MDH. Excluding real estate, this result is 89 MDH, once morest 97 MDH in H1-2021.
The consolidated turnover amounts to 2.46 billion dirhams (MMDH), specifies the press release, noting that the consolidated EBITDA (earnings before interest, taxes, depreciation and amortization) amounts to 248 MDH.
Auto Hall Group sales amounted to 13,700 new vehicles at the end of August 2022, down 27% compared to the same period of the previous year but showed an increase of 8% compared to the end of August 2019.
This decline is explained by a downward trend in the automotive market and difficulties in the supply of vehicles from certain manufacturers.
For its part, total operating income followed the decline in sales volumes and stood at 1.8 billion dirhams.
The Group maintains its leadership in the industrial vehicle and light commercial vehicle markets with market shares of 40% in the industrial vehicle market (brands Fuso market leader, Ford Trucks and Foton), 39% in the light commercial vehicles (DFSK, Gaz, Foton, Ford, Mitsubishi and Opel brands), 8.2% for passenger cars (Opel, Ford, Nissan, Glory, Chery and Mitsubishi brands), and 18% for agricultural tractors (New Holland).
The group also benefited from the contribution of the used vehicle activity with a turnover of 166 million dirhams.
Source: MAP
