reports
Disappointing figures
In Q1 2016, ARTES revenues reached TND38.4m against TND13.9m at the end of March, 2015, i.e. a 176% surge benefiting from a positive effect in particular that the level of activity in the first quarter of 2015 was modest. However, the dealer’s gross margin added only 135.3% to TND6.68m. Thus, the dealer’s gross margin gave up 300 basis points to 17.4%. The dealer’s net cash position stood at TND104m on 31/03/2016, i.e.
The fourth quarter saves the year
At the end of 2015, ARTES revenues amounted to TND161M, i.e. a slight increase of 1.32 % compared to 2014. According to the Tunisian Agency of land Transport, the dealer of the diamond brand, through its 3 brands (RENAULT, DACIA and NISSAN) sold 7003 new vehicles during 2015. Despite an 8.93% decline compared to 2014, the brand RENAULT, with 4 224 sold units, ranked first in the segment of passenger cars with 10.93 % of market share, followed directly by the brands Kia (10.9 %) and Volkswagen (1...
Declining activity pace
During the first half of 2015, ARTES reported a sharp decline of 36.32% in its revenues to TND73M against TND114.7M on 30/06/2014, due to a lower number of sold vehicles. Renault is no longer at the top, ranking in the fifth position with only 8.07% of market shares, i.e. a reduction in 426 pbs. The dealer sold 2 012 units during the first half of the year, i.e. a 40% decline compared to June 30th, 2014.
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