Facing a mitigated context
Despite a context marked by fierce competition, Auto Hall Group announced revenues of MAD3.384bn at the end of October, i.e. a 29% increase on a y-o-y basis, globally in line with our expectations. The earnings before tax reached MAD283M, i.e. a 9% increase compared to the same period in 2014.Regarding the commercial performances, AUTO HALL was able to improve its market share in the commercial vehicles segment (from 24% at the end of November, 2014 to 30% at the end of November, 2015) and passenger cars (from 10% at the end of November, 2014 to 14% at the end of November, 2015).
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