reports
- Boris AFRAN
- Tessy BROU
BERNABE FY23
The year 2023 was marked by the lack of liquidity in the market. In this context, Bernabé CI achieved a turnover down 10.57% to XOF 45.96 billion compared to XOF 51.38 billion in 2022. This decrease is explained by: • The stagnation of sales in the hardware, industrial equipment, materials, home, and garden leisure product segments. • The underperformance of the metallurgical products segment due to a drop in prices and the slowdown in construction activity.
BERNABE CI Report West African Regional Stock Exchange
​We feel strongly about the company’s prospects for continued growth from a fundamental perspective. However, we are concerned that the firm is currently overvalued. In fact, as a consequence of the positive outlooks mentioned above, the stock has faced an upward pressure. The current market price is higher than the company fair value of XOF 176 200 based on 2016 results.It’s also good to note that the stock price should keep growing in anticipation of the extraordinary results expected fo...
FY14 results commentaries
​2014 Revenue grew by 10.59% at XOF 39.02 billion against XOF 35.28 billion in 2013. This growth is mainly driven by the economic recovery. In fact in 2014, the start of large infrastructure projects and the completion of major public works have promoted the company's activities. In the same way the gross margin increased by 15% at XOF 12.34 billion vs. XOF 10.76 billion in 2013 due to a favorable mix product.
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