The Motodynamics group reported revenue of €172.6m for the first nine months of 2026, up 6.9% year on year.
Sales of two-wheelers and marine products (Yamaha) totalled €73.1m.
The automotive business recorded strong growth, with contributions from Porsche, Toyota Autodirect and NIO, and total sales of €55.1m.
The car rental business (Sixt) recorded revenue of €44.4m.
Gross profit rose to €39.3m (+5.2%), with a gross margin of 22.8%.
Earnings before interest, tax, depreciation and amortisation came to €27.3m (-2.2%), while operating profit was €16.0m (-6.4%).
Net profit after tax was €10.2m (-5.3%), and earnings per share were €0.35, compared with €0.36.
Investment in Sixt’s fleet led to an increase in non-current assets (excluding the impact of IFRS 16), which stood at €96.9m, compared with €85.0m on 31 December 2025. Working capital was €19.7m. The investment was funded through the company’s cash flows and bank borrowing, with net debt at €63.4m.
Equity increased to €51.3m. Finance costs came to €2.5m, a slight increase of 3.4%.
Borrowing peaked in the first half, in line with the usual seasonal pattern, and began to ease in the third quarter (30 June 2026: €75.4m). Positive cash flows are expected to continue in the final quarter.
President and Chief Executive Paris Kyriakopoulos said: “Motodynamics continues to grow, with sales up 7% and gross profit up 5% compared with the same period in 2025. Our investment in the NIO business affected operating profitability for the nine-month period, which stood at 9.3% of sales, compared with 10.6% in the same period in 2025. In the final quarter, we expect consumers to remain cautious, with high prices and an uncertain economic environment shaping their choices. For the full year 2026, we continue to expect an increase in the group’s operating and net profitability. We remain focused on operational efficiency, disciplined management of our resources and capitalising on the opportunities emerging in the markets where we operate. We will continue to invest with a long-term perspective, aiming for sustainable profitability and value creation for our shareholders.”