Autohellas (OTOEL) Q2 2026 earnings summary

Executive summary

• Revenue for the Group was €501.0 million for H1 2026, nearly flat year-over-year (-0.3%), while the Company saw a 6.8% increase to €157.5 million.

• EBITDA for the Group rose 2.6% to €129.7 million, but operating profit and net profit declined by 12.8% and 12.3% respectively compared to H1 2025.

• Rental activities in Greece and abroad strengthened, offsetting weaker car sales performance.

• The Group expanded its exclusive rights to the Hertz brand in several countries and added new automotive brands to its portfolio.

• Dividend of €0.85 per share distributed in April 2026, totaling €40.8 million.

Financial highlights

• Group revenue: €501.0 million (-0.3% YoY); Company revenue: €157.5 million (+6.8% YoY).

• Group EBITDA: €129.7 million (+2.6% YoY); Company EBITDA: €88.2 million (+12.0% YoY).

• Group operating profit: €43.9 million (-12.8% YoY); Company operating profit: €33.6 million (-3.1% YoY).

• Group net profit: €28.5 million (-12.3% YoY); Company net profit: €22.6 million (-5.1% YoY).

• Gross profit for H1 2026 was €73.5 million, down from €82.8 million in H1 2025.

Outlook and guidance

• The Group targets growth for 2026, supported by positive trends in tourism and continued expansion in both short- and long-term rentals.

• Initiatives in car trading aim to regain market share, including the addition of new brands and focus on electrification.

• Brand portfolio expansion underway with new launches (Changan, XPENG, LEPAS, AVATR) expected to support market share recovery from H2 2027.

• New model launches by represented brands anticipated to strengthen car trade activities in 2027.

• The second half of the year is expected to be the strongest due to seasonality in tourism.