Turnover at the end of December 2021 amounted to 689 MDH, down 167 MDH compared to the end of December 2020 (-19.5%), impacted by:
• The decline in production during the first half
• Financial hedges in 2020, which only partially captured the favorable trend in the spot rate as well as the 6% decline in the USD/MAD exchange rate.
Investments made at the end of December 2021 amounted to 236 MDH, mainly relating to infrastructure works, research and the quarry project.
Net debt stands at -91 MDH, thus marking a drop in cash of 154 MDH compared to the past year due in particular to the distribution of dividends and the maintenance of the investment effort.
