The National Steel Company (Sonasid) shows a growth of 42%, a much better figure compared to the 2020 financial year, a context marked by the rise in input prices on the international market and by the recovery in demand on the construction market
Sonasid achieved a social turnover of 4,414 MDH in 2021, an increase of 42% compared to 2020, we learned on March 17, at the exits of the Board of Directors, in view of the judgment accounts for the 2021 financial year.
The company’s net income for the financial year amounts to 150 million dirhams in 2021, up by 130 million dirhams compared to the previous year, confirming the effectiveness of the value creation levers deployed. The Group owes this performance to its cost competitiveness, strengthened through the implementation of strategic initiatives aimed at achieving operational excellence and optimizing operating expenses.
Thus, Sonasid was able to generate an Ebitda of 301 MDH which represents 6.8% of turnover (an improvement of 3.4 points compared to 2020). Also, Sonasid maintains a solid and resilient balance sheet structure with excess cash (including securities and investment values) of 957 MDH.
In addition, the Group generated cash flow of 97 MDH at the end of December 2021, supported by the significant improvement in self-financing capacity, thus mitigating the impact of the rise in input prices on working capital requirements. .
