The dealer reinforces its positioning
City Cars Q4 2015 revenues amounted to TND42.8M, i.e. a substantial increase of 67.8 % bringing the dealer’s FY2015 revenues to TND142.9 M, i.e. a remarkable 22,3 % progress. This performance exceeded our expectations. Nevertheless, the dealer’s gross margin lost 100 basis points to 14.3% due to the weakening dinar behind dollar.The Dealer’s cash declined by 32.1% to TND24.7M due to the expenses of the new headquarter. Placements increased by 14.1% to TND3.4M in 2015.
At the end of 2015, staff expenses amounted to TND1.9M against TND1.8M in 2014, i.e.
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