Maroc Telecom sales growth improves to 4.3% in Q3

News General Africa 27 OCT 2014
Maroc Telecom sales growth improves to 4.3% in Q3
Maroc Telecom Group posted a 4.3 percent increase in its third-quarter revenue to MAD 7.3 billion, buoyed by strong growth in international activities and a return to growth in Morocco. The home market benefited from higher consumption in the mobile segment as well as successful data offers in the fixed-line segment. For the nine months ending 30 September, Maroc Telecom reported revenues of MAD 21.86 billion, up 1.9 percent over the same period of last year. This includes 11.5 percent growth in revenues from international activities and a decline of 1.1 percent in the activities in Morocco. 

Growth in the group's customer base reached an annual rate of 10 percent, to 39.5 million customers at 30 September. This was mainly due to growth of 21 percent in the international customer base. Nine-month EBITDA reached MAD 12.01 billion, a decline of 3.0 percent compared to last year, hurt by a reduction of 5.9 percent in EBITDA in Morocco, partially offset by the 6.2 percent rise in EBITDA from subsidiaries. The EBITDA margin fell by 2.8 points to 54.9 percent.  

The operator maintained its outlook for a small decline in EBITDA this year and a modest increase in capital expenditure. Operating cash flow in the first nine months was up 2.0 percent from a year ago to MAD 7.77 billion. 


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Maroc Telecom

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Voice services, Financial figures, Internet Access

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