Toyota Caetano increases profits by 18% to €17.5 million in 2023.

The Toyota Caetano group announced profits of €17.5 million in 2023, up 18% from 2022. According to the information sent to the Securities Market Commission (CMVM), the Toyota Caetano group reports that turnover amounted to €512 million, up 6.5% from 2022.

Meanwhile, earnings before taxes, interest, depreciation, and amortization (EBITDA) rose 15.1% to €56 million. Personnel expenses amounted to nearly €49 million, up 6.5% from 2022, in a year of reduced workforce.