Tunisian Automotive Company Achieves Significant Growth in First Half of 2025
The Tunisian Automotive Company (STA), official dealer of Chery and Daewoo trucks in Tunisia, has reported a net profit of 4,559 MTND in the first half of 2025, compared to 1,795 MTND during the same period in 2024.
Key Performance Indicators
- Net profit: 4,559 MTND (up from 1,795 MTND in H1 2024)
- Revenue: 73,579 MTND (up 45.1% from H1 2024)
- Vehicles sold: 1,654 units (up from 1,045 units in H1 2024)
- Market share: 7.4% (up from 4.79% in H1 2024)
Drivers of Growth
The company's performance is driven by the success of the Chery brand, which has risen to 4th place in the Tunisian automotive market. The Tiggo 1X CVT model has been a key contributor to this growth, with 1,106 units sold, representing nearly two-thirds of total sales.
Commercial Margin and After-Sales Activity
- Commercial margin: 10,497 MTND (13.8% of revenue, down from 14.9% in 2024)
- After-sales activity: 4,110 MTND in revenue, contributing to the vitality of the distribution network and the development of spare parts sales
Outlook
The company's EBIT has increased to 6,946 MTND, and the stock of vehicles valued at 42,838 MTND as of June 30, 2025, is a positive indicator for the third quarter. Additionally, a customs stock worth 17,950 MTND will support sales in the last quarter of the year. The company's stock price has risen by 70.5% since the beginning of the year, and investors are advised to hold onto their shares for now.
