“This decline is general in the automotive market, which fell by 18% during the first quarter of 2022. It is justified by supply and logistics problems due to the global shortage of automotive components and in particular semi-trailers. -conductors,” explains the company, which is listed on both the Casablanca Stock Exchange and the Tunis Stock Exchange, in a press release.
This shortage, continues the same source, had the direct consequence of a slowdown in production chains and a substantial increase in transport costs.
At the end of March 2022, financial charges stood at 243,909 dinars, down 60.49%. Investments made during the same period amounted to 0.4 MTD, against 1.195 MTD a year earlier.
The global financial indebtedness fell, going from 10.5 MTD in 2021 to 8.97 MTD in Q1-2022. This decline is explained by the repayment of outstanding commitments and the use of equity financing.