Growth at RDV but objectives are hard to achieve
During Q1 2017, UADH group recorded a 10.5% revenue growth to TND92.404m due to a 10.1% progression in automotive revenues which reached TND88.571m. The automotive filters activity’s sales also increased by 20.9% to TND3.833m. Furthermore, the gross profit was up by 6.3% to TND17.1m vs. TND16.08m during Q1 2016, bringing down the gross margin to 18.5% vs. 21.4% expected by the Business Plan (19.2% in Q1 2016). The group’s staff costs reached TND5.506m, i.e.
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