Maroc Telecom: Strong financial performance in the first quarter

Maroc Telecom’s adjusted net profit, group share (RNPG), amounted to more than 1.52 billion dirhams (billion dirhams) in the first quarter of 2024, up 0.5% at constant exchange rate.

The adjusted operating result (EBITA – earnings before interest, tax and amortization) stands at MAD 2.88 billion, up 0.9% at constant exchange rate, indicates the group in a press release, specifying that the margin rate adjusted operating income remained at 31.8%.

Adjusted operating profit before depreciation and amortization (EBITDA – Earnings Before Interest, Taxes, Depreciation and Amortization) increased by 1.7% at constant exchange rate to reach MAD 4.65 billion, thanks to the growth in turnover and efforts continued control of operational costs in an inflationary context.

The adjusted EBITDA margin rate remains at the high level of 51.3%, up 0.2 pt at constant exchange rate.

At retail, the adjusted EBITDA of activities in Morocco stood at MAD 2.66 billion, up 1.4% compared to the same period of the previous year thanks to the control of operational costs. The adjusted EBITDA margin rate increased by 1.5 pts year-on-year to 56.4%.

The adjusted EBITA of these activities stands at more than MAD 1.82 billion, up 4%, following in particular the increase in EBITDA. The adjusted EBITA margin rate stood at 38.6%.

Concerning the group’s international activities, they made it possible to achieve an adjusted EBITDA of MAD 1.99 billion, up 2% at constant exchange rate compared to Q1-2023, due to the growth in revenue. business.

Adjusted EBITA reached nearly MAD 1.06 billion, down 3.9% at constant exchange rate.

LNT with COP