This article was automatically translated from HIBAPRESS, the Arabic version:
This article was automatically translated from HIBAPRESS, the Arabic version:
Heba Press – Casablanca
A recent report highlighted important developments in the Moroccan financial market through the exceptional performance of the Casablanca Stock Exchange, which experienced significant growth in revenues, largely thanks to the solid investments of Maroc Telecom.
In this regard, a recent economic report revealed positive results for companies listed on the Casablanca Stock Exchange during the first nine months of 2024, which include a number of important points, including the growth in the turnover figure. total business.
Companies listed on the Casablanca Stock Exchange achieved growth of 4.7% in their total turnover, reaching 230.4 billion Moroccan dirhams.
The Casablanca Stock Exchange witnessed the dominance of Maroc Télécom’s investments, with the leading group in the Moroccan telecommunications market having acquired approximately 37% of total investments on the stock market.
Through this report, recommendations were made to add Télécom Maroc (IAM) stock to investment portfolios, with a price target set at 107.6 dirhams per share.
The reason for this, according to the same source, is due to the great qualitative growth experienced by Maroc Télécom through technological leadership and the strong desire to adopt the fifth generation.
The report also confirms that Maroc Telecom benefits from a privileged position that allows it to quickly transition to fifth generation technology (5G), thanks to the readiness of its current network compatible with the requirements of this cutting-edge technology.
This year, the group stood out for achieving strong financial performances which strengthened its position, as it had previously indicated, in its latest financial information, by achieving notable achievements, including an increase in customer base of 6.1%, to reach 79.7 million. customers, as well as an increase in consolidated turnover of 0.7%, supported by the positive performance of its subsidiaries, notably Moov Africa.
According to its recent digital data, Maroc Telecom also achieved strong profitability, while maintaining a high EBITDA margin of 51.8%, in addition to its ongoing investments, investments excluding frequencies and licenses amounting to 19, 1% of total turnover, which reflects the group’s commitment. develop its infrastructure and strengthen its operational capacities.
It should be noted that Maroc Telecom continues to consolidate its leading position in the Moroccan and regional market, thanks to its strategy based on technological innovation and sustainable investment, and that the group should be a major player in the dissemination of fifth generation technologies in Morocco. which improves its market value and reflects its attractiveness to local and international investors.
With its exceptional financial performance and ambitious future strategies, Maroc Telecom is today considered one of the most prominent companies attracting those wishing to invest on the Casablanca Stock Exchange.
