For the FY 2020, Auto Hall’s revenue stands at MAD 3,948 Mn, down -10.8% against an AGR estimate of -21.5%. At the origin of this outperformance, the good momentum of the DFSK and OPEL brands, whose sales increased by 66% and 44% respectively in 2020.
Despite the activity decline, reported EBITDA remained stable at MAD 455 Mn in 2020, equivalent to a margin of 11.5%, up +1.2 pts. This profitability level takes into account a capital gain on fixed assets disposal of MAD 67 Mn. In the end, the consolidated net income shows a limited decline of -9.4% to MAD 144 Mn in 2020 after recording a loss of MAD -29 Mn in H1-20.
