A tough 2016, some hope for 2017
During UADH’s second Investos Presentation since its IPO (2015), Mr. Loukil confirmed that 2016 was negatively impacted by the new quota system formula imposed by the government (February, 2016). In fact, 2016 revenues were estimated at TND386m in the Business Plan, while in reality, consolidated sales would reach TND363.1m only (vs. TND378m expected by AlphaMena) as the current quota has been reduced by 1,000 vehicles compared to 2015. In addition, the company started the year 2016 with almost zero inventory (around 120 vehicles), unlike the other Tunisian dealers which had a high inventory level.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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