The Alliances Group continues the growth trajectory of its activity at the end of the third quarter of 2023, in accordance with the objectives set in the 2022-2025 development plan. The Group also managed to maintain its production pace thanks to its business portfolio focused mainly on housing development projects, recording an increase of 27% compared to the previous quarter.
The Group’s consolidated turnover as of September 30, 2023 is 1.505 billion MAD compared to 1.231 billion MAD as of September 30, 2022, an increase of 22%.
In Q3 2023, consolidated turnover stood at MAD 502 million, up 24% compared to the same period of the previous year.
The Group’s net debt is down 4%, and stands at 2 billion MAD as of September 30, 2023 compared to 2.1 billion MAD as of September 30, 2022.
As of September 30, 2023, the Group has an order book amounting to 7,672 units for a secure VIT of around 3.1 billion MAD.
PRE-SALES
--The level of pre-sales in Q3 2023 stood at 1,178 units compared to 1,018 units in Q3 2022, an improvement of 16%.
PRODUCTION
The total number of units in production stands at 5,223 units as of September 30, 2023, compared to 4,117 units in Q2 2023, representing growth of 27%.
For its part, Alliances Darna continues the growth dynamic of its activity at the end of the third quarter of 2023, in line with the objectives set in the 2022-2025 development plan. Thus, its consolidated turnover for Q3 2023 stands at MAD 343 million, up 17% compared to the same period of the previous year. As of September 30, 2023, the cumulative consolidated turnover over 9 months is 1,193 million MAD compared to 929 million MAD as of September 30, 2022, an increase of 28%.
The net debt of Alliances Darna is down 21%, and stands at 705 million MAD as of September 30, 2023 compared to 890 million MAD as of September 30, 2022.
