Wholesale distributor of IT and telecom equipment, Disway, reported a consolidated revenue of 842 million dirhams (MDH) for the first half of 2024 (H1-2024), reflecting an 8.9% decrease compared to the same period last year.
In the second quarter of 2024 (Q2-2024), Disway’s consolidated revenue dropped by 8.8% year-on-year, amounting to 404 MDH, according to a financial report released by the company.
Additionally, Disway Maroc’s H1-2024 revenue saw an 8.6% decline from the previous year, totaling 722 MDH.
For the Volume segment, which includes desktop and laptop PCs, printing and imaging products, revenue in Q2-2024 stood at 295 MDH, a 9.1% decrease compared to 2023. This decline is largely attributed to international operations and a slowdown in demand from both the public and private sectors.
In contrast, the Value segment (comprising storage, servers, networking, security, etc.) remained stable at 98 MDH, supported by several projects initiated in 2023 and billed in H1-2024.
Other segments saw a significant drop in Q2-2024, with revenue falling from 19 MDH in 2023 to 11 MDH in 2024. The global drop in photovoltaic panel prices continues to impact this segment’s revenue despite increased sales volumes. Additionally, the halt in Hikvision distribution in Q2-2023 contributed to the decline.
Disway acknowledges that 2024 began with a challenging first half both domestically and internationally, marked by decreased demand and delays in executing several projects. However, the company remains optimistic about the second half of the year, expecting positive impacts from several significant projects currently in progress.
With its expertise and financial stability, Disway aims to reinforce its leadership in new technology distribution. The company plans to continue its diversification strategy, expand its product offerings, and develop its logistics services through its subsidiary DLS and the new Skhirat platform launched in July 2024.
