AlphaMena Corporate Services - EURO-CYCLES S.A (ECYCL) A surprising recovery

Report

AlphaMena Corporate Services

Ghada JENDOUBI

EUR 236.14 For Business Accounts Only

A surprising recovery

During Q3 2016, Euro-Cycles has recorded an important revenue growth of 36.6% (compared to Q2 2016), with revenues amounting to TND27.417m, bringing up the YTD growth rate to 15% (yoy). Thus, 9M 2016 sales amounted to TND67.599m. Debts increased to TND16.648m, a progression of 12% pulled up mainly by long and medium term debts in order to finance some investments (capex has doubled to reach TND3.249m against TND1.522m a year earlier.

11/10/2016 2 EN

Underlying

EURO-CYCLES S.A

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TN0007570013 Tunis Stock Exchange Tunisia

Provider

AlphaMena Corporate Services

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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Analysts

Ghada JENDOUBI

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