Latest news with #PoulinaGroupHolding
African Manager
22-04-2025
- Business
- African Manager
Tunisia: Poulina improves Q1 revenues by 7% to 1 billion dinars
Poulina Group Holding (PGH), one of Tunisia's industrial giants, posted a solid performance in the first quarter of 2025, with total sales exceeding one billion dinars, up 7% on the same period last year. According to business indicators published by the group, this growth was mainly driven by an increase in local sales (+7.4%), which offset a slight decline in exports (-0.9%). Production increased by 7% to 1 billion dinars, reflecting the Group's industrial strength. This performance was supported by an aggressive investment policy: 36.2 million dinars were invested during the quarter, a remarkable increase of 62% over the previous year. Investments were mainly targeted at the Agrifood (28.5%), Building Materials (24.7%) and Poultry Integration (20.5%) sectors, reflecting the Group's determination to strengthen its production capacity and modernize its infrastructure. The poultry integration business recorded a spectacular 29% increase in sales to 308 million dinars. This growth was due in particular to strong demand during the month of Ramadan and the introduction of new products such as pet food. The trade and services sector also made good progress (+13%), driven by a significant improvement in export sales (+113%). Steel processing (+6%), wood and equipment (+9%) and packaging (+5%) also posted notable gains. Conversely, some sectors suffered setbacks. The agri-food sector, historically strong for PGH, saw its sales decline by 3%, penalized by falling local and export sales. The building materials sector declined by 19%, weighed down by a slowdown in domestic demand. The real estate segment contracted by 8%. On the financial front, PGH reduced its total bank debt by 11% to 1 billion dinars. This reduction was due to a significant decrease in short-term loans (-33%), while medium-term loans increased by 12%.
African Manager
11-02-2025
- Business
- African Manager
Tunisia: Total revenue of listed companies exceeds 25 billion dinars
The activity indicators of listed companies for the fiscal year 2024 show an overall revenue increase of 3.2% compared to 2023, reaching 25.1 billion dinars, up from 24.3 billion dinars. Of the 71 companies that have published their indicators, 53 (75%) reported improved cumulative revenues compared to the previous year. The 20 companies comprising the Tunindex20 accounted for 15.5 billion dinars (62% of total revenue), marking a slight increase of 1% compared to the previous year. In the banking sector, the cumulative Net Banking Income (NBI) of the 12 listed banks reached 7,102 million dinars (MD) in 2024, up from 6,709 MD in 2023, reflecting a 5.9% growth. Meanwhile, the cumulative net leasing income of the 7 listed leasing companies rose by 6.4% in 2024 compared to 2023, reaching 562 MD, up from 528 MD. For the 6 insurance companies, the total amount of premiums issued reached 1,522 MD, compared to 1,394 MD, showing a notable increase of 9.2%. The financial sector, which includes 28 listed companies and represents the largest market capitalization, generated total revenue of 9,224 MD, up from 8,663 MD in 2023, a 6.5% increase. In the Consumer Goods sector, the total revenue of the three major agro-industrial groups (Poulina Group Holding, Délice Holding, and SFBT) declined by 1.4%, reaching 6,178 MD compared to 6,263 MD in 2023. The Consumer Services sector, which includes 11 listed companies (including UADH, which has not yet published its indicators), reported total revenue of 5,382 MD, up from 5,019 MD in the previous year. The revenue of the two listed retail chains grew by 6.6% during the 12 months of 2024, reaching 1,914 MD, compared to 1,796 MD in 2023. Similarly, the total revenue of the four automotive dealers (excluding UADH) increased by 7.9% as of December 31, 2024, reaching 1,323 MD, up from 1,226 MD in 2023. Among the twelve sub-sectors, nine showed positive performance. The best-performing sub-sectors were Chemicals with 10.7%, followed by Personal Care and Household Products with 9.4%, Insurance with 9.2%, and Distribution with 8.4%. Underperformance was mainly observed in three sub-sectors: Industrial Goods and Services (-8.7%), Construction and Building Materials (-14.9%), and Food and Beverages (-1.4%). The highest revenue increases were achieved by PLACEMENT DE TUNISIE (+86.7%), ARTES (+80.5%), MPBS (+49.3%), and STA (+37.3%). The largest revenue declines were recorded by ESSOUKNA (-94.6%), CIMENTS DE BIZERTE (-65.4%), SIMPAR (-65.1%), and SOTUVER (-38.4%).
