Eaux Minérales d’Oulmès (LEMO) continues its robust growth trajectory in 2024, achieving notable financial results in the third quarter. This success is fueled by a strategic focus on innovation, logistics optimization, and an expanding distribution network. By the end of September 2024, LEMO’s revenue reached 2.23 billion dirhams, reflecting a substantial 14% increase compared to the same period in 2023.
The company’s third-quarter revenue alone rose by 10.6%, hitting 908.9 million dirhams, up from 821.4 million dirhams in Q3 2023. These figures underscore the effectiveness of LEMO’s efforts to enhance operational efficiency and strengthen its competitiveness in a rapidly evolving market.
As part of its development plan, LEMO significantly ramped up investments to boost production capacity and modernize its logistical infrastructure. By September 2024, the company had invested 449.3 million dirhams, marking a 57.9% increase from the 284.5 million dirhams recorded in 2023. This strategic push positions LEMO to meet rising demand while maintaining operational excellence.
To support its growth strategy, LEMO has diversified its funding sources, including a 300-million-dirham bond issuance in the third quarter. This move has bolstered the company’s financial stability, increasing net debt to 1.53 billion dirhams as of September 2024, a 19% rise from the previous year. These efforts ensure the company remains well-equipped to finance future development initiatives.
Beyond its financial achievements, LEMO has earned recognition for its commitment to sustainability. The company received the top honor in the large enterprise category at the 2024 Arabia CSR Awards, highlighting its dedication to social responsibility and environmental stewardship.
LEMO’s strong performance in 2024 reflects a well-executed strategy that balances growth, innovation, and sustainability, ensuring its position as a leader in the mineral water industry.
