BMCE Global Capital Research (BKGR) has recommended that the title “Itissalat al-Magrib” to keep an upward trend of 5.7% compared to February 18, 2025.
For the needs of the IAM’s evaluation, BKGR is based on the method to update future cash flow -dcf data in his “Flash -Company -Update”.
At the end of 2024, Morocco telecommunications will show a consolidated income in the annual shift of quasi-stagnation (-0.2%) at 36.69 billion ie (or 100% of the annual forecasts of BKGR), adds the analyst. This income takes into account the 2% contraction of the activities in Morocco, some of which are removed by the good performance of the subsidiaries from Moov Africa, which is made of almost 50% of the total commercial achievements with an improvement turnover of 1.8%. This result is also drawn to 18.70 billion DH by the good orientation of the Moov -Africa subsidiary’s activities with an improvement from 1.8% of their income, which is responsible for the combined effect of the dynamics of mobile data (+15.6% with constant exchange), the fixed Internet (+21.1%) and mobile money (+14.4%).
Without the decline in appeals, the secondary profits rose by 5.2%for constant exchange rates.
With regard to the units, the mobile client park is in 7.9%to 56.4 million dirham, taking into account the consolidation of the customer base in Niger (+19.7%) in Côte d’Ivoire (+16.4%), chad (+12.1%), Mauritania (+11.8%) and TOGO (+9.5%), thus paying out the payment of the removal (+9.5%). 1.4%. At 407,000 and 303,000 customers, the fixed park and the firm broadband display increases by 4.1% or 49.3%.
On the operational level, the adjusted EBITA for a margin, which at the time of the published EBITA, is a distance of 48.3% to 6.06 billion DH, which relates to the regulation of -6.03 billion DH, by 33.2% to 33.2% up to 33.2%, which is regulated to regulate an amount of -03 mrd. Obtain 33.06 billion icon of the litigation of -6.03 billion to cancel by 33.2%.
