Strong comeback of market shares vs. declining margins
During Q1 2017, ARTES’ revenues reached TND70.249m vs. TND.38.437m, i.e. a 82.8% yoy growth. The dealer’s gross margin increased by 78.1% to TND118.899m. However, the gross margin rate declined by 45 basis points to 16.9%. The company’s staff costs rose by 24.9% to TND1.712m. ARTES’ number of employees reached 218 vs. 212 a year earlier.Furthermore, the company’s net cash position amounted to TND113.332m, i.e. a 11% yoy progression. However, financial revenues declined 11.3% to TND1.439m.
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