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Tunisia: ENNAKL Automobiles dealer sees 15% drop in revenues at end of September

The turnover of the company ENNAKL Automobiles saw a decline of 15.4% at the end of the first nine months of 2022, compared to the same period of 2021 to 331.3 million dinars from 391.8 million dinars.

This decline was recorded despite the 10% increase in sales during the third quarter, or a total of 1,414 registrations, against 1,291 at the end of the second quarter.

However, the automotive market is still impacted by an unfavorable economic situation with a persistent shortage of semiconductors and a disruption in logistics, says the car dealer.

In addition, the overall financial debt has significantly decreased from 8 million dinars in 2021 to 5.4 million on September 30, 2022. This decrease is justified by the repayment of outstanding commitments.

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