Morning Brief may 29th, 2023

FINANCIAL MARKET HEADLINES
| MOROCCO | CIMAR | Revenue down 4% in Q1 2023
In Q1 2023, Cimar's revenue stood at MAD 917.8 Mn against MAD 955.0 Mn a year ealier, i.e. a decline of 3.9% y-o-y. Recall that the domestic Cement comsumption fell by 5.3% at the end of March 2023.

| MOROCCO | AUTO NEJMA | Revenue up 26% in Q1 2023
In Q1 2023, Auto Nejma sales volume increased by 11.7% to 982 units. In this context, the company's revenue stood at MAD 622 Mn at the end of March 2023, up 25.9%.

| MOROCCO | LABEL VIE | Consolidated revenue up 26% in Q1 2023
In Q1 2023, Label Vie's consolidated revenue amounted to MAD 3,777 Mn against MAD 2,988 Mn in Q1 2022, i.e. an increase of 26.4%.

| MOROCCO | HPS | Consolidated global revenue up 20% in Q1 2023
At the end of March 2023, HPS' consolidated global revenue reached MAD 265.4 Mn, up 20.0% compared to the same period of the previous year.

| MOROCCO | AFMA | Consolidated revenue up 7.5% in Q1 2023
In Q1 2023, AFMA's consolidated revenue settled at MAD 80.0 Mn against MAD 74.4 Mn during the same period of the previous year, i.e. an increase of 7.5%.

ECONOMIC HEADLINES
| CÔTE D’IVOIRE | FOREIGN TRADE | Improvement of the trade surplus at the end of February 2023
According to the Department of Forecasts, Policies and Economic Statistics (DPPSE), Côte d'Ivoire’s exports increased by 36.9% at the end of February 2023 to FCFA 2,236 Bn. Likewise, imports rose by 15.7% to settle at FCFA 1,716 Bn. In this context, the trade balance shows a surplus of FCFA 520 Bn at the end of February 2023 against FCFA 150 Bn a year earlier.

 

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