Autohellas on Wednesday reported a 23.5% increase in its second quarter turnover to 255.2 million euros from 206.6 million in the same period last year. Operating earnings also rose 23.5% to 38.9 million euros, pre-tax earnings rose 10.4% to 29.8 million and after tax earnings rose 11.2% to 23.8 million euros.
In the first half of 2023, consolidated turnover rose 35.7% to 476.8 million euros, operating earnings rose 25.6% to 56.5 million, pre-tax earnings rose 8.2% to 40.1 million and after tax earnings rose 6.1% to 31.2 million euros.
Autohellas said the new franchise activity by Hertz in Portugal, which was acquired in the fourth quarter of 2022, contributed 41.1 million euros to the group's turnover, but did not had significant impact on pre-tax earnings since this activity was exclusively seasonal.
The group's fleet for short- and long-term leasing was 55,000 cars. Turnover from car leasing in Greece grew 11.7% in the first half of 2023 to 114.6 million euros, while car import/distribution activities reported a 30.4% increase in turnover totaling 285.6 million euros.