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Universal Auto Distributors Holding: 1 director sold
A director at Universal Auto Distributors Holding sold 250,000 shares at 2.870TND and the significance rating of the trade was 67/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the la...
- Ghada JENDOUBI
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.
- Ghada JENDOUBI
Very disappointing compared to our estimates
During Q4 2016, UADH’s consolidated revenues were down by 2.4% to TND93.108 due to: 1/ a 15.9% yoy regression in Automotive Filters’ revenues which reached TND3.12m. 2/ A 1.8% yoy decline in the Automotive revenues which established at TND89.988m. The gross margin collapsed by 15.6% to TND11.224m (against TND13.292m a year earlier), bringing down the gross margin rate to 12.05% vs. 13.9% in Q4 2015. UADH ended the year with a 4.4% yoy decline in consolidated revenues, moving from TND368.504m...
- Ghada JENDOUBI
Very disappointing compared to our estimates
During Q4 2016, UADH’s consolidated revenues were down by 2,4% to TND93.108 due to: 1/ a 15.9% yoy regression in Automotive Filters’ revenues which reached TND3.12m. 2/ A 1.8% yoy decline in the Automotive revenues which established at TND89.988m. The gross margin collapsed by 15.6% to TND11.224m (against TND13.292m a year earlier), bringing down the gross margin rate to 12.05% vs. 13.9% in Q4 2015. UADH ended the year with a 4.4% yoy decline in consolidated revenues, moving from TND368.504m...
- Ghada JENDOUBI
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 almo...
- Ghada JENDOUBI
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.
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 TN...
Would difficulties come to an end ?
The holding UADH created in 2013 in the framework of the restructuring of Group loukil. The holding counts directly and indirectly 8 subsidiaries representing 5 brands namely: AURES Auto and AURES Gros (Citroën and DS), ECONOMIC Auto and MAZDA Details (Mazda), EVI and TRUCKS Gros (Renault Trucks and TCM) and GIF FILTER and GIF DISTRIBUTION (GIF FILTER). UADH’s listing into the main market of Tunis Stock Exchange, was held in mid 2015, by means of a TND60m bid and a TND20m private placement, a...
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