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Strong growth in SONASID sales in 2021

Consolidated sales were MAD 4.49 billion at the end of December 2021, up 43% compared to 2020 and 24% compared to 2019, helped by the recovery in demand and a favorable pricing effect.

Consolidated revenue for the fourth quarter was 1.38 billion dirhams, up 32% year-on-year.

Sonasid continues its investment efforts, on the one hand to improve the performance of its industrial tool as part of the Operational Excellence project, and on the other hand to develop new products with high added value. The total investments made at the end of December reached 74 million dirhams, an increase of 45% compared to 2020.

Sonasid maintains a solid and resilient balance sheet structure with excess cash of 957 MDH. Sonasid generated cash flows of 97 MDH at the end of December 2021

 

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