Maroc Telecom consolidates its results for the 1st quarter of 2024

THE MORNING

April 25, 2024 at 9:11 am

This activity growth is due to the good performance of the segment Data Mobile at the subsidiaries Moov Africa (+21.7%) and Fixed data in Morocco (+7.6%, mainly driven by optical fiber). Note that the Group’s customer base increased by 2.7% to 77.1 million customers, Maroc Telecom specifies at the level of its activities. financial communication.

Profitability followed the same trend: operating profit rose by almost 1% to Dh2.9 billion, and net profit, group share, by 0.5% to Dh1.5 billion.

Investments excluding frequencies and licenses showed a clear increase of 50% to Dh1.3 billion in the first quarter. This depressed cash flows, which fell by 15.5% to 2.8 billion. But the Group’s net debt was reduced by 2.4% to Dh15 billion, or 0.7 times gross operating surplus.