Delta Holding / Q3-2020: Turnover improved by 3%

The Delta Holding Group reported consolidated turnover for Q3-2020, improved by 3% compared to the same period of 2019, thus amounting to 685 million dirhams (MDH).

A press release from the group specifies that this development made it possible to reduce the delay generated by the Covid-19 pandemic during the first half of the year.

The decline in consolidated turnover improved from -16% in the first half of 2020 to -10% at the end of September, compared to the same periods in 2019, adds the same source, which notes that “with a well-stocked order book, solid fundamentals and diversified activities, the Group confirms its capacity for resilience in the face of this crisis“.

At the end of September of the current financial year, investments reached MAD 90 million, against 134 at the end of December 2019, while the net financial debt was reduced by -40% compared to Q3-2019, thus standing at 624 MDH.

On the social side, the turnover of Delta Holding amounted to MAD 14 million, down 53% compared to the third quarter, while net debt showed a drop of 69% to MAD 118 million.

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