Autohellas reports improved Q1 results

Autohellas Group on Monday said its turnover totaled 63 million euros in the first quarter of 2017, from 46.2 million in the same period last year, while EBITDA rose 19.2 pct to 18.8 million euros from 15.7 million over the same period, respectively.

Pre-tax earnings totaled 50,000 euros in the January-March period, from a loss of 2.5 million last year, while after tax earnings totaled 158,000 euros from a loss of 1.6 million over the same periods, respectively.

Leasing activity grew 13.9 pct in the first three months of 2017, mostly long-term leasing contracts in Greece and abroad. Selling used cars grew 40.2 pct in the first quarter, while purchase of new cars grew 75.8 pct.

The group’s equity capital totaled 202 million euros, while operating cash flows were positive in the first quarter.