Still some way to go, but the recovery is confirmed
After having performed exceptionally well during the 9M 2016, with revenues up by 11.3%, Telnet stalled in Q4 2016. Indeed, the group experienced a slowdown in Q4 2016 closing the quarter on a 12.4% decline in revenues. Thus, the group’s FY 2016 revenues increased to TNA39.742m, a slight increase by only 2.9%, yoy. The group’s EBTIDA recorded a significant increase by 37.3% to TND4.426m, with an EBITDA margin of 11.14% vs.
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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