Morning Brief June 28th 2024

FINANCIAL MARKETS HEADLINES

| MOROCCO | LABEL VIE | Strategic vision 2028
In a press release, Label Vie announces its strategic vision for 2028. Thus, the Group forecasts :
- (1) an average annual growth of its revenue of 15% to nearly MAD 28 Bn in 2028;
- (2) an EBITDA margin of 9.3% of sales and finally;
- (3) a net debt ratio below 50%.

ECONOMIC HEADLINES

| CÔTE D’IVOIRE | INFLATION | An inflation rate of 4.9% in May 2024
According to the National Institute of Statistics of Côte d'Ivoire, the Harmonized Consumer Prices Index shows an increase of 1.0% in May 2024 compared to the previous month. Year-on-year, the inflation rate stands at 4.9%.

 

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