Motus Holdings Limited (MTH.JO) Income Statement Analysis – Financial Results

About Motus Holdings Limited

Motus Holdings Limited operates in the automotive sector in South Africa, the United Kingdom, Australia, South East Asia, and Southern Africa. It operates through four segments: Import and Distribution, Retail and Rental, Financial Services, and Aftermarket Parts. The Import and Distribution segment imports and distributes passenger and light commercial vehicles, as well as its parts to a network of dealerships, car rental companies, fleets, and government institutions. The Retail and Rental segment sells new and pre-owned passenger and commercial vehicles in various segments, as well as rents passenger and light commercial vehicles. It represents 23 original equipment manufacturers through 329 dealerships, including 71 pre-owned, 239 passenger vehicle, and 19 commercial vehicle dealerships; and operates through 120 dealerships comprising 88 commercial and 32 passenger dealerships in the United Kingdom, as well as 36 passenger vehicle dealerships in Australia. This segment also rents cars under the Europcar and Tempest brands. The Financial Services segment develops and distributes various vehicle-related financial products and services through importers, distributors, dealers, finance houses, call centers, and digital channels. It also manages and administers service, maintenance, and warranty plans; and develops and sells value added products and services. This segment also provides fleet management services, including fleet maintenance, fines management, licensing, and registration to corporate customers. The Aftermarket Parts segment distributes, wholesales, and retails accessories and aftermarket parts for out-of-warranty vehicles through retail and franchised stores, and specialized workshops. It operates 587 retail stores, including 94 owned stores in South Africa, Taiwan, and China. The company is also involved in the property investment activities. Motus Holdings Limited was founded in 1948 and is based in Bedfordview, South Africa.