Artes Signs Another Excellent Quarter
Artes has once again achieved an excellent quarter, with revenues of 70,756 MTND, compared to 32,745 MTND during the same period in 2023. Annual sales have reached 257,331 MTND, representing an 80.4% increase.
In terms of gross margin, it stood at 24.6% compared to 25.9% the previous year. It is clear that Artes has worked hard on its offer in 2024, allowing it to increase new registrations by 73.5% to 4,821 units. The number of sales outlets remained stable at 28, employing 140 people.
Financial products have significantly decreased during the fourth quarter to 3,459 MTND. Over the exercise, the concessionaire earned 16,147 MTND. This was explained by the decrease in dividends received from other group entities for 2023 profits. However, the net cash position remains more than comfortable, ending the exercise at 111,129 MTND.
These figures confirm that Artes will achieve an exceptional net result and regain its status as one of the best remunerators of shareholders on the market. The stock is showing an annual return of 13.41% on the market and opened this morning in the green. However, caution is advised. It is essential to calculate the expected yield (estimated dividend/share price) of the title, as beyond a certain valuation, other opportunities may arise. It will also be necessary to compare what a bank investment or a bond Sicav could yield. Investing in the stock market requires this type of reflex.
