Report
EUR 236.14 For Business Accounts Only

The minutes of the Financial Communication

The two furnaces under exploitation are currently operating at 75% of their capacity, a capacity which is expected to reach 100% from 2016. This assumption explains, according to the management, the expected rebound in sales from that date. We believe that a growth rate of around 16% on 2016 is somewhat aggressive.

The Algerian market remains the main export destination of SOTUVER's glass packaging products. The management confirms its strategy to further strengthen its position in the European market through the company VETRO MEDITERRANEO.
Underlying
SOCIETE TUNISIENNE DE VERRERIES

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.

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