CELLCOM has published its activity indicators for the 2nd quarter of 2023:
Turnover:
► The turnover achieved in the 1st half of 2023 fell by 22% compared to the same period in 2022, to settle at 19.3 MD, in fact:
► The GSM turnover for the 2nd quarter of 2023 is 8.7 MTD, to settle consolidated in the 1st half of 2023 at 16.6 MTD. There is a decrease in GSM activity on the international market and in particular on the national market with a fall of -49% in 2022, and the same downward trend of more -27% in 2023, resulting in a drop in the market on two years of 62% mainly due to new customs taxes of 29%. Added to this the lack of electronic components at the start of 2023 resulting in a lack of planned orders impacting sales by -40%.
Despite these downward indicators in the GSM sector, Cellcom’s turnover is better than the market trend of a fall of only 21% (vs. 62%) compared to Q2-2022. Smartphone activity is stabilizing and the trend is improving at the end of the 2nd quarter of 2023.
► The Recharge turnover for the 2nd quarter of 2023 is 1.42 MTD to settle consolidated in the 1st half of 2023 at 2.54 MTD. There is a 14% increase in activity compared to Q2-2022.
It should also be noted that Cellcom has introduced a new activity of electronic top-ups in order to increase its market share.
Gross margin :
► The gross margin is 1.8 M Mtnd during the 2nd quarter of 2023 against 1.27 Mtnd for the same period of 2022, i.e. a margin increase of 42%
► The gross margin rate in the 2nd quarter of 2023 amounts to 21.4% against 11.5%, an increase of 86% for the same period of 2022
► The gross markup rate in the 2nd quarter of 2023 amounts to 17.64% against 10.32%, an increase of 71%% for the same period of 2022
Financial expenses :
► As of June 30, 2023, financial charges amounted to 0.5 MD against 0.9 MD as of June 30, 2022, an improvement of 45%. This decrease results from the favorable impact of the USD/TND exchange rate during the first half of 2023 and the payment of a large part of the debt.
Net cash :
► Net cash reached 1.2 MD on 06/30/2023 against 0.38 MD on 06/30/2022, an improvement of 216% Average supplier payment time:
► The average supplier payment term increased to 60 days in the 2nd quarter of 2023 compared to the same period of 2022.
Payroll:
► As of June 30, 2023, the payroll amounted to 1.1 MD against 1.34 MD, i.e. a drop of 18% compared to the same period in 2022;
effective method
► The average workforce at 06/30/2023 was (67), compared to (78), thus marking a 14% drop compared to the same period for the first half of 2022.
2023-07-29 02:07:12
#Cellcom #Revenue #June
