Maroc Telecom reports 17% increase in revenues in 2015

Mergers, Acquisitions and Financial Results

Maroc Telecom, the country’s leading telco in terms of subscribers, has published its financial results for the twelve months ended 31 December 2015, reporting a 17.1% annual increase in revenues, from MAD29.144 billion (USD3 billion) to MAD34.134 billion. The improvement was chiefly attributed to 62.3% annual growth among the company’s international operations (6.9% on a ‘like-for-like’ basis), which offset a 0.6% sales decrease in its domestic market during the same period. Meanwhile, Maroc Telecom’s EBITDA increased by 6.7% in the period under review, to MAD16.742 billion; the company disclosed that the 3.8% decline in the Moroccan unit’s EBITDA was partly compensated by a 10.8% increase in EBITDA from the company’s international operations. Maroc Telecom’s consolidated earnings from operations in the period under review reached MAD10.340 billion, a marginal 0.7% increase year-on-year, while net income amounted to MAD5.595 billion, down by 4.3% when compared to 2014.
Source: Telegeography 15 February 2016