The consolidated turnover of the Sonasid Group amounted to 2,543 MDH at the end of June 2023, up +3.7% compared to the first half of 2022 thanks to a positive dynamic in sales.
In Q2 alone, consolidated revenue was 1.2 billion, up 8.4%.
However, the international context maintained an unfavorable price effect leading to increased pressure on margins during the second quarter of 2023.
For the first half of 2023, Sonasid forecasts a significantly lower social net result compared to the same period of the previous year. The result at the end of June 2023 should remain at a level comparable to that of the second half of 2022.
Investment
The investments made at the end of June 2023 amount to 73 MDH and are part of a budget program amounting to 230 MDH in 2023. These investments are mainly intended to support the deployment of the strategic plan relating in particular to operational excellence, the optimization of costs and the continued development of new products with high added value.
Debt
Sonasid maintains a solid and resilient balance sheet structure with surplus cash of 778 MDH at the end of June 2023 against 816 MDH at the end of June 2022.
Perspectives
The Sonasid Group continues to strengthen its sustainable economic model and consolidate its regional leadership in terms of energy transition and the production of innovative steels with a low carbon footprint.
Consolidation scope
The scope of consolidation did not change during the second quarter of 2023.
2023-08-31 00:24:22
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