Morning Brief September 7, 2020

FINANCIAL MARKET HEADLINES

| MOROCCO | MUTANDIS | EBITDA almost stable in H1 2020

Indicators (MAD Mn)	H1 2019	H1 2020	Change
Revenues	684	683	-0,1%
EBITDA	105	105	-0,6%
EBITDA margin	15,4%	15,3%	-0,1pt
NIGS	37	33	-11,9
Net margin	5,5%	4,8%	-0,7pts

 

| MOROCCO | AUTO HALL | Sale of a property with a capital gain of MAD 59 Mn

Auto Hall's Board of Directors, which met on September 3rd 2020, authorized the sale of a property bringing a capital gain of MAD 59 Mn in the accounts of the FY 2020. It should be noted that the Group is committed for several years in a vast network development plan aimed at reaching 100 operational sites. In this context, it has proved necessary to dispose of some property which has become not useful for exploitation.

ECONOMIC HEADLINES

| SENEGAL | INDUSTRY | Prices down 4.3% y-o-y in July 2020

According to the National Agency for Statistics and Demography (ANSD), the Industrial Production Price Index slightly increased by 0.1% in July 2020, compared to the previous month. On a y-o-y basis, industrial production prices fell by 4.3%.

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