FINANCIAL MARKET HEADLINES
| MOROCCO | MANAGEM | A profit of MAD 98 Mn in H1 2020
|
Indicators (MAD Mn) |
H1 2019 |
H1 2020 |
Variation |
|
Revenues |
2 160 |
2 378 |
10,1% |
|
EBITDA |
406 |
812 |
100,0% |
|
EBITDA margin |
18,8% |
34,1% |
15,4pts |
|
NIGS |
-139 |
98 |
MAD +237 Mn |
|
Net margin |
NS |
4,1% |
- |
| MOROCCO | CMT | NIGS down 54% in H1 2020
|
Indicators (MAD Mn) |
H1 2019 |
H1 2020 |
Variation |
|
Revenues |
251 |
190 |
-24,4% |
|
EBIT |
112 |
54 |
-51,8% |
|
Operating margin |
44,7% |
28,5% |
-16,2pts |
|
NIGS |
91 |
42 |
-54,4% |
|
Net margin |
36,4% |
21,9% |
-14,5pts |
| MOROCCO | DELTA HOLDING | NIGS down 19% in H1 2020
|
Indicators (MAD Mn) |
H1 2019 |
H1 2020 |
Variation |
|
Revenues |
1 352 |
1 135 |
-16,1% |
|
EBIT |
211 |
136 |
-35,5% |
|
EBIT margin |
15,6% |
12,0% |
-3,6% |
|
NIGS |
111 |
90 |
-18,6% |
|
Net margin |
8,2% |
7,9% |
-0,3pts |
| MOROCCO | RISMA | A loss of MAD -69 Mn in H1 2020
|
Indicators (MAD Mn) |
H1 2019 |
H1 2020 |
Variation |
|
Revenues |
701 |
327 |
-53,4% |
|
EBITDA |
225 |
39 |
-82,7% |
|
EBITDA margin |
32,1% |
11,9% |
-20,2pts |
|
NIGS |
65 |
-69 |
MAD -134 Mn |
|
Net margin |
9,3% |
NS |
- |
| MOROCCO | ATLANTA | Net income up 6% in H1 2020
| Indicators (MAD Mn) | H1 2019 | H1 2020 | Variation |
|
Revenues |
2 763 |
2 921 |
5,7% |
|
Net income |
201 |
213 |
6,0% |
|
Net margin |
7,3% |
7,3% |
- |
| MOROCCO | IMMORENTE | NIGS down 32% in H1 2020
| Indicators (MAD Mn) | H1 2019 | H1 2020 | Variation |
|
Revenues |
18 |
30 |
64,2% |
|
EBIT |
7 |
13 |
68,1% |
|
EBIT margin |
41,5% |
42,5% |
+1,0pts |
|
Analytical income |
13 |
25 |
93,0% |
|
NIGS |
7 |
5 |
-32,2% |
|
Net margin |
40,1% |
16,6 |
-23,5pts |
| MOROCCO | SOTHEMA | Net income up 16% in H1 2020
|
Indicators (MAD Mn) |
H1 2019 |
H1 2020 |
Variation |
|
Revenues |
840 |
840 |
- |
|
EBIT |
141 |
181 |
-28,7% |
|
EBIT margin |
16,8% |
21,6% |
-4,8pts |
|
Net income |
96 |
111 |
15,5% |
|
Net margin |
11,5% |
13,2% |
+1,7pts |
| MOROCCO | SRM | A loss of MAD -3.5 Mn in H1 2020
|
Indicators (MAD Mn) |
H1 2019 |
H1 2020 |
Variation |
|
Revenues |
131 |
91 |
-30,6% |
|
EBIT |
0,11 |
-0,06 |
MAD -0,17 Mn |
|
Operating margin |
0,1% |
NS |
- |
|
Net income |
-3,5 |
-3,5 |
- |
|
Net margin |
NS |
NS |
- |
| MOROCCO | IMMORENTE | Revision of the FY 2020 DPS
According to the company’s press release, the return for shareholders to be proposed to the General Assembly for FY 2020 would be impacted approximately by MAD 1.5 per share compared to initial forecasts.
ECONOMIC HEADLINES
| CÔTE D’IVOIRE | COCOA | Start of construction work for industrial complexes
The construction works of two industrial cocoa processing complexes in Abidjan and San Pedro were officially launched on Tues-day, September 22nd, 2020. At a cost of approximately FCFA 216 Bn, these structures will be equipped with two processing plants of 50,000 tons of beans each, two storage warehouses with a total capacity of 300,000 tons, and a training center for cocoa trades. Note that the Ivorian executive aims to bring the semi-finished processing of the bean to 100% by 2025.
