AlphaMena Corporate Services - Universal Auto Distributors Holding SA (UADH) No surprise...

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AlphaMena Corporate Services

Ghada JENDOUBI

EUR 236.14 For Business Accounts Only

No surprise...

During Q3 2016, UADH group recorded a revenue decline of 9.8% yoy to reach TND85.9m. This decline is due to a regression of 9.9% in the automotive revenues which established at TND83.5m. The gross margin dropped significantly to TND15.2m vs. TND22.3m a year earlier.
Thus, the company ended the first nine months with a revenue decrease of 5.2%, from TND273.5m on 30/09/2015, to TND259.4m on 30/09/2016. Automotive revenues have shrunk by 5.6% to TND250.5m.

02/11/2016 2 EN

Underlying

Universal Auto Distributors Holding SA

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TN0007690019 Tunis Stock Exchange Tunisia

Provider

AlphaMena Corporate Services

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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Analysts

Ghada JENDOUBI

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Very disappointing compared to our estimates

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No surprise...

Universal Auto Distributors Holding: 1 director sold

Growth at RDV but objectives are hard to achieve

Very disappointing compared to our estimates

Resilient despite the turmoil

Tough year but better long term perspectives (Jordan Ahli Bank)

A boost is needed

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