BAH had a net loss of PLN 3.62 million from continuing operations in 2021

British Automotive Holding (BAH) recorded a consolidated net loss of PLN 3.62m from continuing operations in 2021 compared to PLN 17.14m loss a year earlier, the company said in the report.
The operating profit amounted to PLN 2.28 million against PLN 3.44 million loss a year earlier.

Consolidated sales revenues reached PLN 318.61 million in 2021 compared to PLN 355.31 million a year earlier.

"In 2021, the dealers belonging to the Capital Group sold 1,117 cars to end customers, 21% less than in 2020. The key impact on the sales results in the analyzed period had: the demanding financial situation of the Group, negatively affecting the sales potential of dealerships , the COVID-19 pandemic, affecting consumer sentiment and the attitude of financial institutions to entities from the automotive industry and readiness to finance their activities, lower than expected availability of cars, related to, inter alia, with a global semiconductor deficit affecting car production, 'reads the press release.

On a standalone basis, the net profit from continuing operations in 2021 amounted to PLN 27.44 million, compared to PLN 145.09 million loss a year earlier.

British Automotive Holding has sold over 14,000 vehicles on the Polish market in over 15 years of operation on the automotive market. cars. The company has been listed on the main market of the Warsaw Stock Exchange since 2008.

Source