OCP: Good resilience in the face of the health crisis
At the end of Q1 2020 and in a context of general price regression, OCP posted a slight decline in its sales compared to the same period a year earlier as evidenced by the 1.2% drop in its turnover to MAD 12.3bn. However, this decrease was contained by:
- An increase in Brazilian imports supported by the rise in the country's agricultural exports in Q1 2020;
- An upturn in European demand with the improvement of imports to prevent the potential impacts of lockdown measures on supply channels;
- And, an increase in African imports compared to Q1 2019, particularly from Nigeria and Ethiopia.
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.
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