Q4 2015: Decrease in export sales
For Q4 2015, revenues reached TND24.105M. The local demand increased by 9.27% vs. a drop of export sales (-24.5%). At the end of 2015, Assad recorded a decrease of 2.2% in revenues to TND70.835M vs. TND72.440M a year ago (vs. TND77.6M expected by our model). This decline was especially driven by the slump of the export sales (-5.5%). The local demand went up by 3.1% to TND28.695M vs. TND27.841M, a year earlier.
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