Suffering from the collapse of exports
In Q1 2016, the parent company recorded revenues in decline by 25.26% y.o.y to TND5.782m. This drop concerns the local market (-3.5% to TND4.531m) as well as the export one which has seen its sales tumble significantly by 58.8%. Production fell by 18.28% to TND5.289m. Investments have barely reached the TND0.088m threshold, representing a 31% deterioration compared with Q1 2015. On the other hand, the company’s debt shrunk by 14% to TND6.951m.
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