Maroc Telecom: Financial Results in Ten Key Points

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Here are ten key points from Maroc Telecom ‘s press release on its consolidated results at the end of December 2022:

1. Maroc Telecom’s Adjusted Net Income Group Share reached MAD 5.82 billion at the end of December 2022.

2. The Group’s adjusted operating profit before depreciation and amortization (EBITDA) stood at 18.49 billion dirhams.

3. Maroc Telecom Group’s adjusted operating income (EBITA) amounted to MAD 11.46 billion.

4. Adjusted cash flow from operations (CFFO) fell by 7.1%, at constant exchange rates, to reach 11.29 billion dirhams.

5. The Group achieved a consolidated turnover (CA) of 35.7 billion dirhams (MMDH) in 2022, down slightly by 0.2%.

6. Maroc Telecom ends 2022 in line with its operational and financial objectives.

7. The Group’s activities in Morocco generate a turnover of 19.54 billion dirhams, down 1.8% compared to 2021.

8. Internationally, turnover increased by 2% and stood at 17.24 billion dirhams in 2022.

9. The number of Maroc Telecom Group customers reached 75.4 million in 2022, up 1.6% compared to the previous year.

10. Maroc Telecom’s Supervisory Board will propose to the next General Shareholders’ Meeting the distribution of a dividend of 2.19 dirhams per share, representing a total amount of 1.9 billion dirhams.