Continuing top-line progression / market shares under pressure
Auto Hall Group announced revenues of MAD4bn at the end of October, i.e. a 15% increase on a yoy basis, globally in line with our expectations. The earnings before tax reached MAD276m, i.e. a 2.5% decline compared to the same period last year.Regarding the commercial performances, Auto Hall has been able to maintain its market share in both the commercial vehicles segment, (30%) thanks to Ford (the market leader) and Mitsubishi (major pick-up player), and the passenger cars, (14%) thanks to Ford and Nissan, with a growth of 46% and 25%, respectively.
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