reports
Automobile Reseau Tunisien & Services: 1 director
A director at Automobile Reseau Tunisien & Services bought 87,140 shares at 6.180TND and the significance rating of the trade was 66/100. 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...
- Ghada JENDOUBI
Strong comeback of market shares vs. declining margins
During Q1 2017, ARTES’ revenues reached TND70.249m vs. TND.38.437m, i.e. a 82.8% yoy growth. The dealer’s gross margin increased by 78.1% to TND118.899m. However, the gross margin rate declined by 45 basis points to 16.9%. The company’s staff costs rose by 24.9% to TND1.712m. ARTES’ number of employees reached 218 vs. 212 a year earlier. Furthermore, the company’s net cash position amounted to TND113.332m, i.e. a 11% yoy progression. However, financial revenues declined 11.3% to TND1.4...
- Ghada JENDOUBI
An almost stable market share
During Q4 2016, ARTES’ revenues reached TND49.402m vs. TND41.591m a year earlier, i.e. a 18.5% yoy increase. The dealer’s gross margin witnessed a 20.2% progression to TND9.519m. Thus, the gross margin rate stood at 19.3% vs. 19% at the end of December, 2015. ARTES’ FY2016 sales amounted to TND180.619m against TND161.11m, recording a 12.1% yoy progression. The annual gross margin was up by 4.4% to TND64.391m vs. TND32.939m in 2015. However, the gross margin rate decreased by 140 basis poin...
- Ghada JENDOUBI
A thinner market share
During Q3 2016, ARTES’ sales amounted to TND33.014m vs. TND46.48m a year earlier, i.e. a decline of 29%. The dealer’s gross margin also witnessed a 27% decline to TND6.81m. However, the gross margin rate gained 60 basis points to 20.6%. The company has ended the first nine months with a revenue increase of 9.9% to TND131.3m against TND119.5m at the end of September 2015. The gross margin reached TND24.9m, i.e. a slight decrease of 0.6%.
Improving sales
During the first half of the year, ARTES’ revenues amounted to TND98.3m against TND73.04m a year earlier, i.e. a 34.6% increase. However, the dealer’s gross margin gave up 310 basis points to 18.4%. Besides, the staff expenses increased by 15.8 % to reach TND3.07M, representing 3.1% of the company’s revenues. At the end of June, 2016, ARTES’ cash position increased by 6.8 % to TND121.4m while financial income remained almost stable at TND4.9m.
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