{"id":5214,"date":"2018-11-13T16:42:43","date_gmt":"2018-11-13T16:42:43","guid":{"rendered":"http:\/\/autohellas.gr\/?p=5214"},"modified":"2019-04-04T10:08:26","modified_gmt":"2019-04-04T07:08:26","slug":"interim-financial-statements-for-the-period-ending-on-30-09-2018-strong-growth-of-turnover-and-profitability","status":"publish","type":"post","link":"https:\/\/www.autohellas.gr\/en\/interim-financial-statements-for-the-period-ending-on-30-09-2018-strong-growth-of-turnover-and-profitability\/","title":{"rendered":"Autohellas Financial Highlights First Nine Months 2018"},"content":{"rendered":"<h2>Interim Financial Statements for the period ending on 30\/09\/2018<br \/>\nStrong growth of Turnover and Profitability<\/h2>\n<p align=\"justify\">Autohellas Group&#8217;s turnover for the nine months of 2018 reached\u00a0<strong>\u20ac361m.<\/strong>, compared to \u20ac256m. in 2017, recording an increase of 41%, while earnings before taxes, financial and investment results (EBIT) reached\u00a0<strong>\u20ac59,6m.<\/strong>\u00a0compared to \u20ac47.9m. in 2017, an increase of 24%.<\/p>\n<p align=\"justify\">It should be noted that sales from the import and distribution of Hyundai and Kia vehicles, which were acquired on 31\/12\/2017 and are consolidated for the first time to Group\u2019s turnover.<\/p>\n<p align=\"justify\">Earnings before taxes (EBT) reached\u00a0<strong>\u20ac50,1m.<\/strong>\u00a0compared to profits of \u20ac39.9 m. in 2017, recording an increase of 26%, while earnings after taxes (EAT) reached\u00a0<strong>\u20ac37.6 m.<\/strong>, compared to profits of \u20ac31.0 m. in 2017.<\/p>\n<p align=\"justify\">The Equity of the Group as of 30\/09\/2018 reached\u00a0<strong>\u20ac246m.<\/strong>\u00a0compared to \u20ac226m. at the respective date last year, while during the year the Group\u00a0<strong>has invested \u20ac98m. in new car purchases, resulting in a fleet increase of 4,500 vehicles in comparison to 30\/9\/2017, with total fleet reaching 45,000 cars, 33,000 of which are circulated in Greece and 12,000 in the 7 countries that the Group operates abroad.<\/strong><\/p>\n<p align=\"justify\">Car Hire, the Group\u2019s main activity, exhibited an increase of 11.4% during the period, with positive growth both abroad as well as in Greece, where the simultaneous growth of short-term tourism related rentals and corporate long-term leases support the Company&#8217;s course. At the same time, used fleet car sales activity grew by 20.2% compared to the same period last year.<\/p>\n<p align=\"justify\">Substantial improvement has also been made in the contribution of car trading activity by expanding sales and market shares of brands active in both Wholesale and Retail.<\/p>\n<p align=\"justify\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-5215 size-full\" src=\"https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/1-en.jpg\" alt=\"\" width=\"556\" height=\"198\" srcset=\"https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/1-en.jpg 556w, https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/1-en-300x107.jpg 300w\" sizes=\"(max-width: 556px) 100vw, 556px\" \/><\/p>\n<p align=\"justify\">Autohellas CEO, Eftichios Vassilakis stated: \u00abAutoHellas achieved strong and balanced growth in both the tourism related component of its activity, increasing its share in the short-term rentals market, as well as in corporate long-term leases. It is encouraging that the results of the new third segment, namely car trading, have now a significant contribution to Group\u2019s results. Synergies between activities strengthen the Group&#8217;s potential in a highly competitive market that also offers opportunities for growth\u00bb.<\/p>\n<p align=\"justify\"><img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-5217\" src=\"https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/2-en.jpg\" alt=\"\" width=\"600\" height=\"447\" srcset=\"https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/2-en.jpg 606w, https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/2-en-300x223.jpg 300w, https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/2-en-269x200.jpg 269w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/> <img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-5219 size-full\" src=\"https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/3-en.jpg\" alt=\"\" width=\"592\" height=\"501\" srcset=\"https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/3-en.jpg 592w, https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/3-en-300x254.jpg 300w, https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/3-en-236x200.jpg 236w\" sizes=\"(max-width: 592px) 100vw, 592px\" \/> <img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-5221\" src=\"https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/4-en.jpg\" alt=\"\" width=\"600\" height=\"748\" srcset=\"https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/4-en.jpg 677w, https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/4-en-241x300.jpg 241w, https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/4-en-160x200.jpg 160w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/> <img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-5223\" src=\"https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/5-en.jpg\" alt=\"\" width=\"600\" height=\"463\" srcset=\"https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/5-en.jpg 672w, https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/5-en-300x232.jpg 300w, https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/5-en-259x200.jpg 259w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/> <img decoding=\"async\" loading=\"lazy\" class=\"alignnone wp-image-5225\" src=\"https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/6-en.jpg\" alt=\"\" width=\"600\" height=\"369\" srcset=\"https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/6-en.jpg 667w, https:\/\/www.autohellas.gr\/wp-content\/uploads\/2019\/02\/6-en-300x184.jpg 300w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Interim Financial Statements for the period ending on 30\/09\/2018 Strong growth of Turnover and [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":4289,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.2 - 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