ARTES, a Tunisian automotive distributor, saw its global revenue fall to 57.7 million dinars as of March 31, 2026, down from 76.8 million dinars in the same period last year. The 19-million-dinar drop represents a sharp 24.8% contraction year-on-year.
The downturn is mirrored in vehicle sales volumes. Registrations for the brand fell 10.6%, from 1,437 units in the first quarter of 2025 to 1,284 units in the first three months of 2026, a decline of 153 vehicles.
On the financial front, the company’s net cash position decreased significantly by 40.4 million dinars compared to the end of March 2025, landing at 55.7 million dinars by the close of the quarter. The decline was mainly driven by lower sales volumes.
Financial income followed the same downward trajectory, falling by 1.2 million dinars to 987,000 dinars, directly linked to the reduction in available net cash during the period.
Despite the slowdown, several structural indicators remained unchanged. The number of sales outlets (dealers and workshops) held steady at 28, while total showroom space remained stable at 30,695 square meters.
Average headcount rose slightly to 159 employees, up from 147 a year earlier. The average supplier payment period improved modestly, from 145 days in March 2025 to 140 days in March 2026.
Quarterly payroll expenses stood at 1.4 million dinars, slightly down from the 1.47 million dinars recorded in the first quarter of 2025.
