Unimer improves its turnover to 273 MDH in Q1-2024

Unimer improves its turnover to 273 MDH in Q1-2024
Unimer improves its turnover to 273 MDH in Q1-2024

The company specializing in the processing of seafood products, Unimer, improved its turnover (CA) by 1.6% to 273 million dirhams (MDH) for the first quarter of the year (Q1-2024). ), compared to 269 MDH over the same period of the previous year.

This increase is mainly attributable to the growth in the semi-preserved activity, which experienced good commercial momentum at the start of the year for all of the Group’s subsidiaries, supported by a good start to the fishing season. anchovies, Unimer indicates in a press release on its 1st quarter indicators.

The canned goods activity, for its part, continues to suffer from significant under-activity, resulting directly from the irregularity and weakness of sardine landings in all ports, for several months.

As of March 31, 2024, consolidated net debt shows a decrease of 8% compared to the balance recorded as of December 31, 2023 and thus stands at MAD 868 million. This reduction in debt reflects a rigorous financial management policy focused on rationalizing expenses and controlling costs.

Regarding investments committed during the 1st quarter of 2024, they amount to 10.4 MDH, compared to 7.8 MDH for the same period of the previous year. These consolidated investments are mainly dedicated to improving production capacities as well as the constant modernization of the Group’s industrial facilities.

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