MCoutinho Group’s turnover stood at 476 million euros in 2023, around 35% more year-on-year, supported by the sales of more than 15,500 new and pre-owned cars, the automotive business group announced this Monday.
The MCoutinho Group, which had a turnover of 476 million euros last year, “maintained the trend of consecutive growth, regularly above 30%, in recent years”, said the business group in a statement.
In 2022, the company had a turnover of 355 million euros and in the previous year of 264 million euros. Furthermore, he highlighted that the 80% growth – compared to 2021 – allowed the company to expand its structure with 138 employees last year, currently having more than 1,300 workers.
In 2023, the growth in turnover of more than approximately 35%, compared to the previous year, was due to the sale of more than 15,500 new and pre-owned cars, that is, 3,000 more units than in the previous year, read- if in the statement.
The expansion of the MCoutinho Group, in turn, was reinforced with the entry into the Lisbon market, in 2021, a year that affirmed the company’s positioning at a national level, after the acquisition of Lisboa Oriente and Louresfor, in an investment that amounted to around 5 .5 million euros.
Following this operation, as well as the reinforcement of the strategic partnership with Stellantis, MCoutinho Lisboa expanded its portfolio in 2023, incorporating the Alfa Romeo and DS brands, in addition to the inclusion of Opel and Spoticar.
In 2023, the MCoutinho Group acquired the company Bomcar, with two locations of the BMW, Mini and MG brands in Leiria and Coimbra, and this process also guaranteed the group’s strategic entry into the motorcycle market with BMW Motorrad, KTM and Husqvarna, thus increasing the company’s portfolio of brands.
This year, the MCoutinho Group opened the doors of the new Mercedes-Benz dealership in Penafiel, representing an investment of seven million euros.
The MCoutinho Group currently has a portfolio of 28 automotive brands and authorized repairs for 33 nationwide.
Founded in 1956, the group has a national geographical footprint, namely with a presence in the districts of Bragança, Vila Real, Porto, Aveiro, Coimbra, Viseu, Leiria and Lisbon.
To support business expansion, the MCoutinho Group’s operation has 90 points of sale — 78 for new vehicles and 12 for used vehicles –, 24 after-sales units (104 authorized repairers), 15 collision centers, eight rent-a-car stations and three parts logistics centers.
The executive president, António Coutinho (in the photo), states regarding the 2023 results that last year the MCoutinho Group “exceeded all expectations (…) consolidating itself as one of the main players in the Portuguese automobile market” .
“This success is the result of our strategy of expansion, diversification and focus on excellence in customer service and sustainability”, highlights the manager.
