The cumulative turnover of aluminum from Morocco achieved 1.20 billion DH in 2024, growth of 11 gliding in annual slides. This growth is mainly due to the integration of Indusube, which has contributed to 93 million DH, and the development of sales prices that were influenced by the increase in the prices of the aluminum raw material, the company said in a press release of its results for the previous exercise.
As in the 3rd quarter, the 4th quarter of 2024 was characterized by the merger of the company Industube SA after approval of the merger agreement by the extraordinary general assembly on November 14, 2024. This integration was explained on January 1, 2024, which explained the significant variations that were observed in the most important financial indicators. Indicates the industrialists.
With regard to the investment, Morocco -aluminum injected 168.48 million DH last year, an increase of 161.75 million DH compared to the previous year. This increase is largely attributable to the integration of merger contributions, which corresponds to 147 million DH from the Indusube company. The rest of the investments concern the optimization of production capacities as well as strategic projects, in particular the implementation of a photovoltaic power plant, online with the strategy of sustainability and the energy verification of the company.
In addition, the industrialist shows a net financial debt of 529 million ie, an increase of 25% compared to the end of 2023. This increase is mainly due to the integration of the indus daughter company’s debt, which is 53 million DH after the Merger at the end of December 2024. This development is also associated with the increase in operating capital requirements (BfR), since the high level of raw materials is a result of logistics crises in 2024, especially in the Red Sea region.
