This performance reflects an increase in export volumes, supported by favorable global demand, particularly on the markets European and African. World prices of phosphate fertilizers continued their rise in the third quarter of 2024, supported by supply constraints in Chine and a strong demand for Europe and in Africa. However, demand remained moderate in Indewhile it has seen notable growth in regions like Pakistanl’Oceania and the Brazil.
Gross margin reached 44 billion dirhams, compared to 32 billion dirhams a year earlier. This progression results from a combination of rising revenues, falling raw material costs such asammonia and sulfuras well as optimized management of operational costs.
L’EBITDA of the Group reached 27 billion dirhams, compared to 17 billion dirhams a year earlier, an increase of 57%. The EBITDA margin stood at 39%, compared to 28% for the same period in 2023.
THE investments of the Group also experienced a significant increase, reaching 29 billion dirhams, compared to 17 billion dirhams the previous year.
Morocco
