The margins are suffocating
Following an agreement with SFBT, SEABG is now one of its subcontractors. The parent company’s revenues increased by 50% boosted by the sales of local beer (+171%), by integrating SEABG’s added value to the segment of canned beer. This transfer of activity weighed on the operating costs (the outsourcing cost increased by over 600%). For its part, the EBITDA increased by 12.5% to TND47.480m with an EBITDA margin of 21.2% (-720 pbs).
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