IAM: Turnover of MAD 8.9 billion in Q1-2021

Maroc Telecom Group achieved, for the first quarter of 2021, a consolidated turnover (turnover) of 8.9 billion dirhams (billion dirhams), down 4.2% compared to the same period one year previously (-5% at constant exchange rate).

In a press release on its quarterly results, the Group notes that this turnover was impacted by a difficult context, marked by the consequences of the new coronavirus (covid-19) crisis and the regulatory environment.

The decline in Mobile activities in Morocco was partially offset by the good growth momentum in Fixed Broadband in Morocco and in the activities of Moov Africa subsidiaries, he added.

Thus, activities in Morocco posted a decrease in turnover in Q1-2021 (-9.5% compared to the same period of 2020), said the same source, adding that the increase in Fixed income (+2.2 %), driven by Data, does not compensate for the sharp drop in Mobile revenues (-16.3%), which is suffering from competition and the regulatory context, in particular in the prepaid Data segment. As for Mobile turnover, it lost 16.3% compared to Q1-2020, to reach MAD 2.966 billion.

Revenue from outgoing services declined due to the regulatory and competitive environment, in particular in the prepaid data segment, while revenue from inbound services was impacted by reductions in termination rates (TA). of 35% and still suffers from the effects of covid-19 on international and roaming activities.

Defining itself as the turnover (generated by incoming and outgoing calls and by data services) net of promotions, excluding roaming and equipment sales, divided by the average fleet for the period, the mixed ARPU (prepaid and postpaid) in the first three months of 2021 fell 13.2% to 48.7 dirhams, Maroc Telecom said.

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Fixed-line and Internet activities in Morocco achieved a turnover of MAD 2.37 billion, up 2.2% compared to Q1-2020, driven by the increase in ADSL and FTTH parks.

Regarding the group’s international activities, they recorded a turnover of over 4.29 billion dirhams, up 2% (+ 0.4% at constant exchange rates) thanks to the sustained growth of Mobile Data ( + 15.8%) and Mobile Money services (+ 21.9%). Excluding the drop in call terminations, this turnover increased by 2.2% at constant exchange rates.

Quoted in the press release, the Chairman of the Management Board, Abdeslam Ahizoune, welcomed that “in a context still marked by the health crisis linked to Covid-19, the Maroc Telecom Group ends the first quarter with operational results driven by its assets internationally. Its diversification strategy is once again proving its worth and improving its resilience in this context of crisis ”.

He added that the Group is pursuing its savings plan and managing to maintain its profitability, and is orienting its investments towards strengthening networks, infrastructures and improving the quality of service, at a time when ‘the character of today’ Although still uncertain of this crisis as to its duration and its scale on the economy, the Group is urging the Group to remain vigilant and fully mobilized to overcome it ”.

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