Financially, in 2022 Cosumar achieves a consolidated turnover up 14.5%. It thus stood at around 10.43 billion dirhams once morest 9.11 billion dirhams a year earlier.
Cosumar will continue to make every effort to ensure a normal supply of the national sugar market despite unfavorable weather conditions impacting local sugar production and an international context marked by soaring raw material prices. An ambition formulated by the agro-industrialist who draws up a positive assessment of his activity despite the economic difficulties. The sugar operator assures in this sense that “the operations of planting sugar cane and sowing sugar beet are finalized in a difficult situation and this, thanks to the mobilization of the agricultural ecosystem which was required in particular by the persistence of the difficult climatic conditions also characterizing this agricultural campaign”. And to specify that it “will maintain its efforts and implement all the necessary means to support its farming partners in order to ensure a better progress of the 2022-2023 sugar campaign”. With regard to activity indicators, the Group is showing resilience in 2022. “Thanks to the efforts undertaken by the upstream agricultural teams as well as the support of institutional partners, the Group has been able to partially mitigate the impact of the rainfall deficit and the very low filling rate of the dams that characterized this campaign”, we note in this regard.
And to specify that “the balance sheet of the production of white sugar from the agricultural campaign amounts to 321,000 tonnes in 2022, i.e. a drop of 17% compared to the previous campaign”. Financially, in 2022 Cosumar achieves a consolidated turnover up 14.5%. It thus stood at around 10.43 billion dirhams once morest 9.11 billion dirhams a year earlier. “This development is mainly driven by the growth in export turnover. Thus, the volume of export sales stood at 752,000 tonnes at the end of December 2022 once morest 654,000 tonnes at the same period in 2021, i.e. a growth of +15%”. Note that the Group’s net debt at the end of December 2022 stood at 985 million dirhams, up from the previous year. Similarly, the investments recorded amounted to 283 million dirhams at the end of 2022. They mainly concern projects related to energy efficiency as well as the deployment of the industrial tool upgrade and maintenance program.
