LSonasid’s corporate turnover for the first quarter amounted to 1,285 MDH, up +33% compared to the previous year, supported by a favorable price effect induced by the impact of the rise in input prices.
Consolidated turnover amounted to 1,345 MDH at the end of March 2022, up +31% compared to the first quarter of the previous financial year. Sonasid will continue its development dynamic in 2022, by deploying an investment program amounting to 160 MDH. This budget allocation will contribute, on the one hand, to the improvement of industrial performance within the framework of the operational excellence project, and on the other hand, to the development of products with high added value.
The launch of steel fiber, a new product with high added value and a real growth driver, is planned for the last quarter of the current year. In addition, Sonasid maintains a solid and resilient balance sheet structure, with excess cash of 974 MDH, thus generating cash flows of 17 MDH despite the impact of the rise in input prices on the working capital requirement.