ADDOHA : Publication of its CGP status at the end of October 2017
- A net deleveraging of MAD 3.4bn (i.e. 71% of the CGP target), setting the net debt to MAD 5.9bn, i.e. a debt ratio (net debt/[net debt+equity]) of 31.5%, one of the lowest in the sector which shows an average near 48% in H1 2017;
- Pre-sales of more than 9,300 units of finished products, against an initial stock of 15,000 units (i.e. 62% of the CGP target);
- And, a cash collection beyond MAD 23.6bn (i.e. 91% of the CGP target), including MAD 15.1bn in the Economic and Mid-range segment.
BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.