reports
2015: Persistently high margins
In 2015 revenues grew by 9.4% to SAR13.795bn compared to the year before. At the product segment level, dairy & juice revenues grew at only 8.5% yoy to SAR10.741bn, primarily due to decline in cheese & butter sales. Revenues for poultry and baked goods grew at a healthy 23.4% to SAR1.262bn and 6.1% to SAR1.626bn, respectively. Sales in the GCC region (excluding KSA) jumped 9.4% yoy to SAR8.861bn, while sales in the KSA grew 8.1% yoy to SAR3.591bn.
Q3 2015: Sustainable growth
Almarai posted a 10.1% increase in 9M 2015 revenues to SAR10.21bn, boosted by the 27.6% growth in poultry sales to SAR937.764M, as well as a 9.7% improvement in dairy and juice sales to SAR7.979bn. A 1.1% increase in bakery sales to SAR1.151bn was also recorded. The nine-month Sales in the GCC region (excluding KSA) jumped 10.3%, yoy, to SAR2.677bn. Sales in the KSA grew 8.8%, yoy, to SAR6.518bn. The dairy producer’s 9M gross profit increased by 14.0% to SAR3.945bn, for a GPM at 38.6% (+130 bp...
Q2 2015 results exeeded our expectations
The H1 2015 sales came in at SAR6.7bn, climbing 11.3% compared to H1 2014 (vs. 12.1% expected for the whole year), boosted by the growth in poultry sales by 35%, as well as an 11.8% increase in dairy & juice sales, despite a 2.7% contraction in bakery revenues. H1 2015 Sales in the GCC region (excluding KSA) jumped 12.2%, yoy, to SAR1.781bn. Sales in the KSA grew 10.5%, yoy, to SAR4.275bn.
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