Completes the podium
At the end of March 2016, the group revenues increased by 25.7 % on a y-o-y basis to TND83.6m. A progress lifted by 27.3% improvement in the automotive revenues, which amounted to TND80.4m. Revenues from the Filter activity stumbled by 5.5% to TND3.2m. The dealer’s EBITDA margin remained almost stable at 8.5%.At the end of March, 2016, the group’s debt dropped by 34.5% to TND53m. Moreover, the group’s net cash position improved substantially by 80% compared to the end of 2015, to reach TND25.8m.
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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