Home Finance & Business Les Eaux Minérales d’Oulmès reports 16.5% revenue growth in H1 2024

Les Eaux Minérales d’Oulmès reports 16.5% revenue growth in H1 2024

Les Eaux Minérales d’Oulmès (LEMO) recorded a 16.5% increase in revenue for the first half of 2024, reaching 1.321 billion dirhams (MMDH). This growth reflects the company’s ongoing innovation and development initiatives, which have enhanced its logistical and operational efficiency and strengthened its market presence.

In the second quarter alone, LEMO achieved a revenue of 777.7 million dirhams (MDH), despite facing an unstable geopolitical environment internationally. The company continued its investment strategy as planned, focusing on expanding production and logistics capabilities to ensure sustainable operations.

These efforts led to investments totaling 285.7 million dirhams, a significant 32.7% increase compared to 215.2 million dirhams in the same period in 2023.

LEMO’s debt level increased by 2.7%, reaching 1.459 billion dirhams by the end of June 2024. This controlled debt management has enabled the company to effectively finance its various investment projects, supporting its continued expansion and strengthening its operational capacities.

Looking ahead, LEMO aims to maintain its growth trajectory in 2024 through high-value investments and accelerated digital transformation efforts.

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