Auto Hall, a leading Moroccan automotive distributor, recorded a consolidated revenue of 2.42 billion dirhams (MMDH) by the end of June 2024, marking a 10% increase compared to the same period last year.
This positive performance is attributed to an improved product mix, according to the company’s quarterly report.
In the first half of 2024, Auto Hall achieved strong results, with sales reaching 9,414 units, reflecting a 3% growth compared to the first half of 2023.
For the second quarter of 2024 (Q2-2024) alone, the consolidated revenue of Auto Hall amounted to 1.25 billion dirhams, up 12% from the same period last year. The group’s sales in Q2-2024 totaled 4,949 units, an increase of 2%.
Looking ahead, Auto Hall has implemented several strategies to address the evolving consumer habits. These initiatives are designed to preserve profit margins through a well-adapted product plan and appropriate pricing, reduce operating costs through specific measures, and lower overall debt by optimizing working capital needs and various resource optimization initiatives.
