2023-09-22 14:17:14
Closing price Casablanca Stock Exchange 00:00:00 09/21/2023 Varia. 5d. Varia. Jan 1, 12.10 MAD +0.83% -0.82% -22.98%
September 22, 2023 at 4:16 p.m.
Post-Board of Directors press release held on September 21, 2023
The Board of Directors of Stokvis North Africa, meeting on September 21, 2023 under the chairmanship of Mrs. Kenza ALJ, examined the Company’s activity at the end of the first half of 2023 and approved the related accounts.
Highlights :
Agricultural market down 44% due to an exceptional drought that Morocco has experienced since 2020, Construction market in Morocco slowing due to a global economy marked by an increase in the costs of energy and raw materials on the first half of 2023.
Main aggregates Stokvis North Africa (SA):
2023
2022
(In millions of dirhams)
1st semester
1st semester
Net sales
7,1
24,0
Stokvis North Africa SA
Operating profit
-12,2
-2,0
Net profit
-7,6
-8,5
The net result of Stokvis Nord Afrique (SA) stood at -7.6 MMAD as of June 30, 2023, a slight improvement compared to June 30, 2022 due to the improvement in the financial result (recovery of provision on the securities of the subsidiary Atlas Rental).
Main consolidated aggregates of the Stokvis Group:
2023
2022
(In millions of dirhams)
1st semester
1st semester
Net sales
82,8
111,0
Stokvis Group
Operating profit
-9,2
-6,5
Net profit
-32,6
-27,2
The operational turnover of the Stokvis Group stood at 82.8 MMAD as of June 30, 2023, down 25% compared to June 30, 2022 due to a poor 2022/2023 agricultural season.
The operating result is down by 2.7 MMAD compared to the first half of 2022. The net result of the Stokvis Group stands at -32.6 MMAD as of June 30, 2023 compared to -27.2 MMAD as of June 30, 2022.
Despite the context of multiple crises, the Stokvis Group continues to optimize its strategy by consolidating its positions in high-potential markets while supporting its interventions in sectors impacted by the economic slowdown, resulting from the post-covid situation and the deep drought which lasted over the last three agricultural seasons.
Faced with this situation, the Board of Directors has adopted a new strategic trajectory, which will be validated during the next meetings.
In accordance with the provisions of Law 17/95 as supplemented and modified by Law 19/20, the Board of Directors has co-opted Ms. Najate BERRADA as Director and will propose her appointment at the next Shareholders’ Meeting.
This press release is available on the group’s website www.stokvis.ma by clicking on the following link:
For any further information, contact:
Direction Finances & Support Groupe :TEL : 05 22 65 46 00 / Mail :[email protected]
Attachments
Original Link
Original Document
Permalink
Disclaimer
Stokvis North Africa SA published this content on 22 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 September 2023 14:15:05 UTC.
DuréeAuto.2 mois3 mois6 mois9 mois1 an2 ans5 ans10 ansMax.
PeriodDayWeek
More graphics
Stokvis North Africa specializes in the import and distribution of technical equipment. The group’s activity is essentially organized around 5 product families: – construction machinery: cranes, bulldozers, loaders, excavators, dumpers, backhoe loaders, compaction and construction equipment, etc. (Komatsu, Dynapac, Locatelli and Merlo brands); – agricultural equipment: tractors, ginners, crushing mills, harvesters, straw presses, rakes, cultivators, plows, blades, hoeing machines, precision seeders, etc. (brands Deutz-Fahr, Same, Gil, Fitosa, Claas, Talos Claas, etc.); – thermal equipment: air conditioners and air and water systems (York, Luxaire, Sabroe and Bristol brands), hermetic compressors, heat engines, pumps and transmission shafts (Thermal Unit and SMEN); – handling and cleaning equipment: handling equipment (forklifts, stackers and pallet trucks; Mitsubishi, Komatsu and OMG brands) and cleaning equipment (cold or hot water jet cleaners, domestic and industrial vacuum cleaners, auto washers and professional sweepers and industrial; Karcher); – shelving equipment: gondolas, displays and warehouse management systems (Mecalux, Lafortezza and BK Systèmes brands).
More information regarding the company
1695407908
#SNA #Financial #relating #results #September #p.m
