Autohellas (OTOEL) Q2 2025 earnings summary

Executive summary

• Revenue for the first half of 2025 increased by 6.2% year-over-year to €502.5 million, while EBITDA rose 4.6% to €126.4 million.

• Operating profit declined by 8.7% to €50.3 million, and profit after tax and minority interests fell 12.6% to €29.9 million compared to the same period last year.

• Growth was driven by strong performance in both short- and long-term rentals, as well as car and spare parts trading, despite margin pressures.

Financial highlights

• Group revenue: €502.5 million (+6.2% YoY); Company revenue: €147.4 million (+9.6% YoY).

• Group EBITDA: €126.4 million (+4.6% YoY); Company EBITDA: €78.7 million (+5.7% YoY).

• Group operating profit: €50.3 million (-8.7% YoY); Company operating profit: €34.7 million (-10.4% YoY).

• Group profit after tax and minority interests: €29.9 million (-12.6% YoY); Company: €23.8 million (-15.0% YoY).

• Adjusted EBITDA (Group): €49.7 million; Adjusted EBT (Group): €35.7 million.

• Free cash flow (Group): €109.9 million for the period.

Outlook and guidance

• Growth in long-term rentals and international markets expected to continue in H2 2025.

• Short-term rentals to benefit from extended tourist season and high fleet utilization.

• Car and spare parts trading to focus on electromobility and new brand launches, with investments in new facilities planned.

• Management remains cautiously optimistic for the remainder of 2025, focusing on maintaining profitability and market share.