increase in adjusted net income group share of 5.3% at the end of September

Maroc Telecom achieved an adjusted net income group share of 4.52 billion dirhams (MMDH) at the end of September 2022, up 5.3% at constant exchange rates compared to 2021.

At the end of the first nine months of 2022, Maroc Telecom’s consolidated adjusted operating income (EBITA) stood at MAD 8.87 billion, up 4.3% (+4.4% at constant exchange rate), indicates the group in a press release, stating that the operating margin was 33.1%, an improvement of 1.3 pt.

With regard to consolidated adjusted operating income before depreciation and amortization (EBITDA), it increased by 1.8% (+1.9% at constant exchange rates) to reach 14.07 billion dirhams, thanks to the growth in turnover and a proactive policy of cost control in Morocco and in the Moov Africa subsidiaries.

The Group’s EBITDA margin increased by 0.9 pt (+0.8 pt at constant exchange rates) compared to 2021 to reach the high level of 52.5%.

In addition, Maroc Telecom indicates that its investments excluding frequencies and licenses amounted to 5.49 billion dirhams to represent 20.5% of the Group’s revenues.

Adjusted net operating cash flow (CFFO) stood at 8.16 billion dirhams, down 2.7% compared to the same period.

As for the Group’s consolidated net debt, it increased by 1.1% to MAD 16.97 billion at the end of September 2022. It represented 0.9 times its annualized EBITDA.

Previous Post Next Post