ITISSALAT AL-MAGHRIB (IAM) S.A. PRESENTATION
OF
HALF-YEAR
RESULTS
2023
Wednesday July 26, 2023
1
HIGHLIGHTS
KEY FIGURES H1 2023
ACCELERATED GROWTH | INCREASE IN GROUP EBITDA |
IN GROUP REVENUES | |
+2.2%(1) | +2.3%(1) |
GROWTH IN ADJUSTED NET INCOME
GROUP SHARE
+1.2 %(1)
STRONG GROWTH IN FIXED | CONTINUED REVENUE GROWTH AT |
DATA REVENUES IN MOROCCO | MOOV AFRICA SUBSIDIARIES |
+8.3% | +3.3%(2) |
- At constant exchange rates
- +3.5% excluding the reduction in call termination rates and at constant exchange rates
HIGHLIGHTS
BUSINESS REVIEW
FINANCIAL REVIEW
APPENDICES
3
OVERVIEW
Group customer base | Consolidated revenues | ||||||
(million) | (MAD billion) | ||||||
74.9 | -0.5% | 74.6 | 17.6 | +2.2%(1) | 18.4 | ||
+3.3%(2) | |||||||
9.3 | |||||||
-0.2% | 8.6 | ||||||
51.6 | 51.5 | ||||||
23.3 | 23.1 | -1.1% | International | 9.6 | 9.7 +1.2% |
Morocco | |||||
H1 2022 | H1 2023 | H1 2022 | H1 2023 | ||
Group customer base near stable | Growth in consolidated revenues, driven by | ||||
at 74.6 million | business in Morocco (+1.2%) and subsidiaries | ||||
(+3.3%(2)) |
- At constant exchange rates
- +3.5% excluding the reduction in call termination rates and at constant exchange rates
HIGHLIGHTS
BUSINESS REVIEW
FINANCIAL REVIEW
APPENDICES
4
REGULATORY HIGHLIGHTS
In Morocco
- Regulatory constraints continue to apply, including asymmetrical call termination rates and the obligation to respect economic space for retail offers, favoring competitors.
In the subsidiaries
- Reductions in call termination rates in Mauritania, Mali, Gabon, Niger, Central African Republic and Chad;
- Tightening of regulatory obligations on customer identification and tougher compliance audits on quality of service and coverage obligations;
- New sector regulatory fees and continued high contributions.
HIGHLIGHTS
BUSINESS REVIEW
FINANCIAL REVIEW
APPENDICES
5
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Disclaimer
Maroc Telecom - Itissalat Al-Maghrib published this content on 26 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 26 July 2023 08:09:07 UTC.
