Report
EUR 236.14 For Business Accounts Only

A continued decline in volumes

Following an agreement with SFBT, SEABG is now one of its subcontractors. The parent company’s revenues increased by 64.6% to TND136.185m, boosted by the sales of local beer (+178.1% to TND225.078m), by integrating SEABG’s added value to the segment of canned beer. Export beer sales also increased by 67.5% to TND3.523m. Local sales of soft drinks were up 13.9% to TND136.185m, versus a 32.5% decrease in export to TND16.284m. In terms of volume, sales of soft drinks declined by 7.0% to 1,182,455 HL, and those of soft drinks dropped by 2.8% to 1,795,910 HL.
Underlying
Societe Frigorifique et Brasserie de Tunis

Provider
AlphaMena Corporate Services
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.

Analysts
Imen BEN AHMED

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