An almost stable market share
During Q4 2016, ARTES’ revenues reached TND49.402m vs. TND41.591m a year earlier, i.e. a 18.5% yoy increase. The dealer’s gross margin witnessed a 20.2% progression to TND9.519m. Thus, the gross margin rate stood at 19.3% vs. 19% at the end of December, 2015.ARTES’ FY2016 sales amounted to TND180.619m against TND161.11m, recording a 12.1% yoy progression. The annual gross margin was up by 4.4% to TND64.391m vs. TND32.939m in 2015. However, the gross margin rate decreased by 140 basis points to establish at 19%.
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