An H1 2015 in line with our expectations
As expected, the group’s net profit remains almost stable at MAD102M (vs. MAD100M in June 2014). The net margin stood at 5.1%, down 20 bps. The consolidated EBITDA reached MAD175M (+ 11.5% compared to H1 2014) for an EBITDA margin of 8.7% (+40 bps) and the operating result increased from MAD130M to MAD148M on 30 June, 2014. The operating margin was 7.4% (+60 bps). The consolidated turnover went up 5.5% to MAD2.002bn.For the parent company, Lesieur Cristal’s revenues rose from MAD1.898bn in June, 2014, to MAD1.898bn in H1 2015, up 5.5%.
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