Ah! The "good life"
At the end of H1 2016, consolidated sales totaled MAD3.473bn, up 6.6% compared to H1 2015. A jump that is explained by improved sales of existing stores (+5.8% in sales volume), as well as the effect of new openings (3 Carrefour Market outlets and one Carrefour hypermarket). The EBITDA posted a increase of 24.8% to MAD271.966m. Thus, the EBITDA margin is fixed at 7.8% (+110 bps). The group posted a growth rate of 34.6% in its operating income, to MAD154m, bringing the operating margin to 4.4% (+90 bps).
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.