Declining turnover

Auto Nejma has closed the accounts for the 2022 financial year with a turnover of 2,101 MDH, down 9.4% compared to a year earlier, said the Board of Directors of the company.

2022 has been a complicated year for the automotive sector, particularly in terms of sales, due to supply complications and inflation imposed by the Russian-Ukrainian conflict.

This is also what the Auto Nejma group pointed out, stating that ” this situation led the automotive market to record a decline of 7.4% in all segments (PC and LCV), while the Premium market experienced an improvement of 8.1% in the 4th quarter of 2022“.

Indeed, the Board of Directors declared, in a financial press release relating to the 2022 results, that the group ended the year 2022 with a drop in turnover of 9.4% compared to 2021, recording a total of 2,101 MDH.

On the other hand, the group’s investment reached 10 MDH in 2022, while net cash stood at 40.2 MDH.

It should be recalled that vehicle sales fell by 15.8% at the end of September 2022 to reach 2,285 units. Turnover of 1,636 MDH. According to the group, these changes are justified on the one hand by the non-recurrence of the level of sales of urban buses during the first 3 quarters of 2021 (225 in 2021 against 40 in 2022).

The company had notably indicated that the market continues to be disturbed by the shortage of vehicles as well as the direct and indirect repercussions of the conflict in Ukraine.

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