Industry insights and figures Wholesale and retail trade; repair of motor vehicles and motorcycles

Operating margin
7.7 %
▼ -0.3pp
2022
Companies
1009433
2023

Key insights Wholesale and retail trade; repair of motor vehicles and motorcycles

Actionable signals from current data
IT
Average operating result: 7.7% of revenue (2022).
Personnel costs: 6.8% of revenue (2022).
Number of companies: 1,009,433 (2023).

Sector outlook Wholesale and retail trade; repair of motor vehicles and motorcycles

Automated analytical commentary based on the most recent Eurostat figures

Industry overview

The Wholesale and retail trade; repair of motor vehicles and motorcycles sector across Italy comprises approximately 1,033,245 enterprises employing about 2,254,879 people and generating €1.2 tn in net turnover in 2022. The average enterprise size is 3 employees per firm. This is a useful yardstick when assessing whether your own operation sits within the typical scale band of the sector.

Profitability

With a healthy operating margin of 7.7% of revenue in 2022, the sector reports €93.5 bn of gross operating surplus (Eurostat's EBITDA-equivalent, before depreciation). This figure provides the headline benchmark against which an individual operator can sanity-check their own bottom line, values significantly below indicate cost or pricing pressure, those above suggest competitive advantage worth defending.

Cost structure

Cost of revenue dominates the Wholesale and retail trade; repair of motor vehicles and motorcycles P&L at 88.1% of turnover, reflecting the high material and input content of activities in this sector. Personnel costs account for 6.8%, with energy purchases adding –. Procurement efficiency and contract management are therefore the two strongest profit levers for operators in this segment.

Productivity & human capital

Each employee in the Wholesale and retail trade; repair of motor vehicles and motorcycles sector generates approximately €356,000 of net turnover against a labour cost of €17,000, yielding a productivity-to-cost ratio of 20.9. Value added per employee stands at €78,000 This is a headline figure to compare against individual firm performance when judging whether headcount is creating proportional value.

Trend & trajectory

Over the period 2008 to 2022 the operating margin moved from 5.4% to 7.7% (+2.3 percentage points), an encouraging upward trajectory. Sectors with stable or improving margins tend to reflect successful pass-through of input costs and disciplined capacity management; declining margins typically point to either over-supply or a structural cost squeeze that warrants strategic review.

Costs by category Wholesale and retail trade; repair of motor vehicles and motorcycles

Sector average % of revenue
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Cost structure for Wholesale and retail trade; repair of motor vehicles and motorcycles in IT, 2008 to 2022, expressed as percentage of revenue.
Revenue / costs 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2024
Total revenue 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 100.0%
Personnel costs (total) 6.2% 7.0% 6.7% 6.7% 6.7% 6.8% 6.7% 6.7% 7.1% 7.3% 7.4% 7.5% 7.5% 7.1% 6.8%
Gross wages 4.5% 5.1% 4.9% 4.9% 4.9% 5.0% 4.9% 4.9% 5.2% 5.4% 5.4% 5.4% 5.4% 5.2% 4.9%
Social and pension contributions 1.7% 1.9% 1.8% 1.8% 1.8% 1.8% 1.8% 1.8% 1.9% 1.9% 2.0% 2.1% 2.1% 1.9% 1.9%
Other costs 88.4% 88.1% 87.3% 86.8% 88.1% 88.0% 87.7% 87.3% 86.4% 86.2% 86.1% 85.5% 86.0% 84.9% 85.5%
Gross operating surplus (EBITDA) 5.4% 4.9% 6.0% 6.5% 5.2% 5.2% 5.6% 6.0% 6.5% 6.5% 6.5% 6.9% 6.5% 7.9% 7.7%
Depreciation 1.8% 2.1% 1.9% 1.9% 2.0% 1.9% 1.9% 1.8% 1.8% 1.8% 1.8% 1.8% 1.9% 1.7% 1.6%
Operating result (EBIT) 3.6% 2.8% 4.1% 4.5% 3.3% 3.3% 3.7% 4.2% 4.7% 4.7% 4.7% 5.1% 4.6% 6.2% 6.0%

Source: Eurostat Structural Business Statistics (latest available year).

Per-employee benchmarks and capital intensity Wholesale and retail trade; repair of motor vehicles and motorcycles

Revenue per employee
356€k
Labour cost per employee
17€k
Value added per employee
78€k
Labour productivity
51€k
Employees per firm
3
Investment rate
9.0%
Labour cost / value added
34.0%
Wage-adjusted productivity
140.0%

Average sector figures sourced from Eurostat. Use as a yardstick. Note your own ratios may differ by scale, mix and legal form.

Operating result over 15 years

Sector average % of revenue
Average
6.2%
Peak
7.94%
2021
Low
4.88%
2009
Latest
7.68%
2022

Cost mix evolution

How costs have shifted as a share of revenue

Cost distribution as % of revenue Wholesale and retail trade; repair of motor vehicles and motorcycles (2022)

Recommended next steps

Based on the latest available data for Wholesale and retail trade; repair of motor vehicles and motorcycles