In line with our forecasts
The CMT announced revenues of MAD227M, i.e. an increase of 11.3% over 2014, lifted by a higher sales volume of concentrated lead (+15 %) and by the strengthening of the US$ with respect to the MAD (+19 %) despite the significant decline in lead (-10.6%) and silver (-17.4%) prices. The company’s EBITDA increased by 20.6% to stand at MAD146.3M. Thus, the EBITDA margin added 5 bps to stand at 64.44%.The EBIT reached MAD127M, increasing by 23.8% compared to 2014.
AlphaMena is the MENA stocks leader in independent equity research, covering 142. MENA securities spanning across 19 sectors and 8 countries relaying on a team of 11 analysts. The breadth of coverage allows AlphaMena to formulate a coherent view on markets, sectors and to highlight the best investments in Mena zone using a robust homogeneous and transparent methodology, enabling pure and pertinent comparisons based on financial and extra-financial criteria.
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