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Societe L`Accumulateur Tunisien Assad: 1 director
A director at Societe L`Accumulateur Tunisien Assad sold 150,000 shares at 0.710TND and the significance rating of the trade was 52/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the ...
- Meriem KADDOUR
A switch of trend between local and export sales
At the end of June 2017, the revenues witnessed an improvement of 16.1% to TND35.284m vs. TND30.383m, a year ago. The local demand increased by 7.6% to TND10.908m vs. TND10.138m, a year earlier. The export demand witnessed an improvement of 20.4% to reach TND24.375m vs. TND20.245m, yoy. The production volumes went up by 3.8%, yoy. The investments amounted to TND1.283m vs. an investment of TND0.641m by the end of June 2016. Furthermore, we note a lack of financial investment during the six first...
- Meriem KADDOUR
The positive trend of export sales continues
At the end of March 2017, the revenues witnessed an improvement of 29.6% to TND19.491m vs. TND15.043m, a year ago. The local demand dropped by 2.5% to TND5.11m vs. TND5.241m, a year earlier. The export demand witnessed an improvement of 46.7% to reach TND14.381m vs. TND9.802m, yoy. The production volumes went down by 6.4%, yoy. The investments amounted to TND0.191m vs. an investment of TND0.195m by the end of March 2016.
- Meriem KADDOUR
Mixed figures
For Q4 2016, the revenues reached TND22.276m vs. TND24.105m a year ago. The local sales decreased by 21.56% vs. an improvement of the export sales (+3.28%). At the end of 2016, Assad recorded a decrease of 3% in revenues to TND68.690m vs. TND70.821m a year ago. This decline was especially driven by the slump of the local sales (-14.8%). The export demand went up by 5% to TND44.233m vs. TND42.126m, a year earlier.
- Meriem KADDOUR
First signs of export demand recovery?
A the end of September 2016, revenues witnessed a near-stagnation (-0.7%) to TND46.414m vs. TND46.730m, a year ago. The local demand dropped by 10.8% to TND16.185m vs. TND18.150m, a year earlier. The export demand witnessed an improvement of 5.8% to reach TND30.229m vs. TND28.581m, yoy. Production volumes went down by 5.4% to, yoy. Investments amounted to TND0.908m vs. an investment of TND3.88m by the end of 2015 following a capex decline.
Assad, lots of worries !
Assad posted its H1 2016 figures: -Revenues decreased by 8.7% to reach TND30.383m vs. TND33.272m, a year ago. This decrease is justified by a decline in the local sales (-12.4%). The export demand witnessed a drop of -6.7% to reach TND20.244m vs. TND21.692m a year earlier. -Production went up by 3.3% to 512 167 units vs. 495 970 units, yoy. -Investments amounted to TND0.495m vs. an investment of TND3.88m by the end of 2015 following a capex decline.
A gloomy year in view
Assad posted disappointing Q1 2016 figures: -Revenues decreased by 11.9% to reach TND15.043m vs. TND17.068m, a year ago. This decrease is justified by a decline of both local sales (-13.9%) and export demand (-10.7%). -Production went down by -8.6% to 283 783 units vs. 310 380 units, yoy. -Investments amounted to TND0.195m (lack of financial investment during Q1 2016) vs. an investment of TND3.88m by the end of 2015. -Debts reached TND58.266m vs. TND59.195m by the end of 2015.
Q4 2015: Decrease in export sales
For Q4 2015, revenues reached TND24.105M. The local demand increased by 9.27% vs. a drop of export sales (-24.5%). At the end of 2015, Assad recorded a decrease of 2.2% in revenues to TND70.835M vs. TND72.440M a year ago (vs. TND77.6M expected by our model). This decline was especially driven by the slump of the export sales (-5.5%). The local demand went up by 3.1% to TND28.695M vs. TND27.841M, a year earlier.
Q4 2015: Decrease in export sales
For Q4 2015, revenues reached TND24.105M. The local demand increased by 9.27% vs. a drop of export sales (-24.5%). At the end of 2015, Assad recorded a decrease of 2.2% in revenues to TND70.835M vs. TND72.440M a year ago (vs. TND77.6M expected by our model). This decline was especially driven by the slump of the export sales (-5.5%). The local demand went up by 3.1% to TND28.695M vs. TND27.841M, a year earlier.
Q4 2015: Decrease in export sales
For Q4 2015, revenues reached TND24.105M. The local demand increased by 9.27% vs. a drop of export sales (-24.5%). At the end of 2015, Assad recorded a decrease of 2.2% in revenues to TND70.835M vs. TND72.440M a year ago (vs. TND77.6M expected by our model). This decline was especially driven by the slump of the export sales (-5.5%). The local demand went up by 3.1% to TND28.695M vs. TND27.841M, a year earlier.
Nothing special
At the end of September 2015, Assad recorded an increase of 6.4% in revenues to reach TND46.73M vs. TND43.909M a year ago. Local demand was almost steady (-0.2%). Export sales grew by 11.1%. Production was down by 17.3% totaling 746 776 units vs. 903 409 units, yoy. Financial investment increased by TND0.120M, corresponding to the Group’s participation in the stake of Assad Ivory Cost (in July 2015), the new commercial subsidiary in West Africa.
Rapid progress of the export business, the local one, somewhat less
H1 2015 figures reported a 19.3% increase in earnings to TND33.319M vs. TND27.923M during the same period a year ago. This revenue growth was boosted mainly by the export demand (+31.2%). For the local demand, revenues were up by only 2% to reach TND11.6M vs. TND11.4M in H1 2014. H1 2015 production was down by 21.76%. Investment (including financial investment) amounted to TND2.082M vs.TND3.193M a year ago, with a drop in capital expenditure vs.
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