Autohellas reports a 22,6% jump in turnover in the first nine months of 2022
Autohellas reports a 22,6% jump in turnover in the first nine months of 2022
  Economy

Autohellas reports a 22,6% jump in turnover in the first nine months of 2022

Autohellas’ turnover reached €217.2 mil. compared to €177.1 mil., recording an increase of 22.6%.
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RE+D magazine
02.11.2022

Autohellas announced the results for the nine-month period of 2022 recording for the second year in a row a new historical high for the Group both in terms of Turnover and Profitability.

More specifically, Consolidated Turnover recorded a 17% increase compared to the same period of 2021 reaching €568.6 mil. from €485.9m in the respective period of 2021. 

Operating profit (EBIT) reached €100.9 mil., Earnings Before Taxes reached €90 mil. (compared to €57.3 mil. in 2021) and Earnings After Tax (EAT) amounted to €71.5 mil. compared to €46.4 mil. recording an increase of 54.1% compared to the nine-month period of last year. In total, the fleet employed for short-term and long-term rentals exceeded 49,000 cars with 9,000 total new car purchases. 

In the third quarter of the year, the strongest in terms of seasonality, 

Autohellas’ turnover reached €217.2 mil. compared to €177.1 mil., recording an increase of 22.6%. Operating profits (EBIT) amounted to €55.9 mil. and profits after taxes (EAT) amounted to €42.1 mil. compared to €29.5m in last year's third quarter, recording an increase of 42.6%.