Research & Analysis

In a context marked by a solid recovery in domestic cement consumption of +24.4% at the end of June 2021, CIMAR recorded an increase in its consolidated revenue of +17.0%, from MAD 1,696 Mn in H1-20 to MAD 1,985 Mn in H1-21. 

As anticipated in the first quarter (Cf. Research paper -Taqa Morocco Q1-21 results), the half-year revenue of TAQA Morocco fell by -13.7% in H1-21 to MAD 3,465 Mn.

The dollar appreciates against a basket of reference currency carried by its status of safe haven in a context of strong risk aversion.

After a -10.2% drop in Label Vie's revenue during Q1-21 following the effect of over-stocking which marked the Q1-20, the distributor showed a recovery of +9.6% of its revenue at the end of this 2nd quarter.

The release of Mutandis H1-21 results takes place in a particular context. On the one hand, the Group announced a few months ago the acquisition of the company Season based in the United States.

The dollar recovers its two-week losses. The euro fell again and posted a weekly change of -0.56% to 1.1814.

The euro crosses the $ 1.18 threshold, i.e. a weekly performance of + 0.72% at 1.1880.

The release of listed companies’ operational achievements for the second quarter of 2021 took place within a favorable context of economic recovery.

The euro is gaining ground against the dollar this week, appreciating 0.83% to 1.1795. The greenback was penalized by a lower than expected PMI index in the United States.