The Autohellas Group announces the financial results of the second quarter of 2026, with Turnover amounting to €280.1 million, showing a marginal decrease of 2% compared to the corresponding period of 2025.
EBITDA amounted to €78 million, up 0.6%, while Profit after Taxes amounted to €29.1 million, down 7.4% compared to the corresponding period last year.
At the half-year 2026 level, Turnover amounted to €501 million, showing a marginal decrease of 0.3% compared to the first half of 2025. EBITDA amounted to €129.7 million, recording an increase of 2.6%, while Profit after Taxes amounted to €28.5 million, down 12.3% compared to the corresponding period of the previous year.
Overall, the activity of short-term and long-term rentals in Greece, and in the countries where the Group operates, employs a fleet of nearly 68,700 cars, with investments in approximately 13,400 new cars within the first half of 2026.
At the same time, the Group's Equity as of June 30, 2026 amounted to €556.5 million. In April 2026, the Company proceeded with a dividend distribution of €0.85 per share, paying a total of €40.8 million to shareholders.
Analysis by business sector:
Car Rentals in Greece (Hertz)
The Car Rental activity in Greece maintained its positive momentum during the first half of 2026, recording an increase in Turnover of 6.7%, to €146.6 million.
The growth momentum was supported primarily by long-term rentals, driven by increased demand from corporate customers for rental and fleet management services. At the same time, short-term rentals showed milder growth, maintaining, however, for yet another year strong profitability, despite the expansion and strengthening of the total fleets operating in the market.
Despite the positive course of revenues, profitability was affected by increased depreciation, which reflects the strengthening of the fleet in previous years that supports the future growth of the activity.
International Car Rental Activity (Hertz)
Turnover of the International Car Rental Activity amounted to €87.3 million versus €78.9 million in the first half of 2025, recording an increase of 10.6%.
The subsidiary in Portugal recorded significant Turnover growth, with increased revenues compared to the first half of the previous year. At the net results level, however, the activity remained loss-making for the first half, mainly due to seasonality, given that Portugal is the only market in which the Group does not operate in long-term rentals.
In the markets of the Balkans and Cyprus, the activity recorded a 5% increase in revenues compared to the first half of the previous year, which came in a balanced way from both long-term and short-term rentals. However, operating profitability decreased by 11%, mainly due to the performance of the Cyprus market, where reduced demand during the first five months of the year, as a result of geopolitical developments in the Middle East, negatively affected revenues.
Car and Services Trading
During the first half of 2026, the Car and Services Trading activity in Greece showed a decrease in Turnover of 6.6%, contributing a total of €267.2 million to the Group's Turnover. The decline is attributed on the one hand to the product cycle of Hyundai & KIA, which is expected to be strengthened in 2027 with significant new models, and on the other hand to the entry of a large number of new brands into the Greek market mainly from manufacturers in China. These new brands show significant momentum, having a negative impact on the market shares of traditional manufacturers.
It is noted that the activity of Italian Motion (FIAT/JEEP/Alfa Romeo), which does not participate in Consolidated Turnover (equity method), recorded sales of €85.3 million during the first half of 2026.
The Autohellas Group has already started since the end of 2025 the presentation and placement of the Changan and Xpeng brands in the Greek market. During the next 6 to 12 months, the addition of the Lepas brands, through Italian Motion, and AVATR to the Group's portfolio is also expected.
Based on the planning of the new models expected to be presented by the brands represented by the Group, it is estimated that the Group's total market shares will start to recover from the second half of 2027, further strengthening its overall commercial activity.
* See details in the Accompanying Material column.