Consolidated turnover amounted to MAD 3.64 billion at the end of September 2022, up +17% compared to the previous year, supported by a favorable price effect, induced by the impact of the increase in the price of inputs
Third-quarter consolidated revenue was AED 1.19 billion, up 12% year-on-year
The investments made at the end of September 2022 amount to 46 MDH compared to the 10 MDH made at the end of September 2021. These investments are part of a budget program with an allocation of 120 MDH related to the launch of the steel fiber, the commissioning of the il whose plant is expected in December 2022 and the economic contribution expected in 2023, the improvement of industrial performance as part of the operational excellence project. The implementation of these strategic initiatives will lead to an increase in investments during the fourth quarter
Sonasid confirms its ability to generate cash flow and maintains a solid and resilient capital structure. Net debt stood at -878 MDH (excess cash and investment values), down by 79 MDH compared to 31 December, mainly due to the distribution of dividends in the amount of 148 MDH relating to the 2021 financial year.
Therefore, the cash flows generated (excluding cash flows) reached +69 MDH at the end of September 2022, despite the unfavorable impact of the increase in inputs on the working capital requirement.
The scope of consolidation has not changed at the end of September 2022.
