FINANCIAL MARKET HEADLINES
| MOROCCO | MARSA MAROC | Recurring NIGS down 18% in H1 2020
|
Indicators (MAD Mn) |
H1 2019 | H1 2020 | Variation |
|
Revenue |
1447 | 1454 | 0,5% |
|
EBITDA |
680 | 647 | -4,9% |
|
EBITDA margin |
47,0% | 44,5% | -2,5pts |
|
Reported NIGS |
343 | 73 | -78,6% |
|
Net margin |
23,7% | 5,0% | -18,7pts |
|
Recurring NIGS* |
343 | 280 | -18,4% |
* Excluding the contribution of MAD 300 Mn to the Covid-19 fund
| MOROCCO | ALLIANCES | NIGS down 90% in H1 2020
| Indicators (MAD Mn) | H1 2019 | H1 2020 | Variation |
|
Revenue |
1054 | 668 | -36,6% |
|
NIGS |
93 | 9,0 | -90,3% |
|
Net margin |
8,8% | 1,3% | -7,5pts |
| MOROCCO | MICRODATA | Net income up 40% in H1 2020
| Indicators (MAD Mn) | H1 2019 | H1 2020 | Variation |
|
Revenue |
411 | 419 | 1,9% |
|
EBIT |
52 | 72 | 38,2% |
|
EBIT margin |
12,7% | 17,3% | +4,6% |
|
Net income |
35 | 49 | 39,7% |
|
Net margin |
8,5% | 11,7% | +3,2% |
| MOROCCO | AUTO NEJMA | Net income down 45% in H1 2020
| Indicators (MAD Mn) | H1 2019 | H1 2020 | Variation |
|
Revenue |
951 | 841 | -11,6% |
|
EBIT |
109 | 65 | -40,6% |
|
EBIT margin |
11,4% | 7,7% | -3,7pts |
|
Net income |
71 | 39 | -45,2% |
|
Net margin |
7,5% | 4,6% | -2,9pts |
ECONOMIC HEADLINES
| WAEMU | GDP | A 2% drop in GDP in Q2 2020
According to the Central Bank of West African States, economic activity in the WAEMU region declined by 2.0% y-o-y in Q2 2020. This decline could be explained by the impact of the Covid-19 pandemic on the economy of the region’s countries.
