Stokvis Nord Afrique started 2026 with lower sales, but demand remains strong, and several large orders are still being delivered.
The group’s revenue fell to 30 million dirhams in the first three months of the year, down 27% from 41 million dirhams during the same period in 2025.
The decline was mainly due to the timing of deliveries and project execution rather than a slowdown in business.
Stokvis, which sells construction, handling and agricultural equipment through its subsidiary Stokvis Engins, said revenue in its sector does not come in evenly throughout the year. Delays in public tenders, contract notifications or equipment deliveries can shift sales from one quarter to another.
These fluctuations “do not reflect a decline in demand but simply a calendar effect”.
Despite the weaker first-quarter performance, Stokvis is currently working on several large projects across Morocco. Revenue from these contracts is expected to be recorded in the coming months, giving the group confidence about the rest of the year.
One of the strongest points in the company’s latest update was its debt reduction effort.
Total financial debt fell to 167 million dirhams at the end of March, compared with 209 million dirhams a year earlier. That represents a reduction of 42 million dirhams, or 20%.
The improvement came from tighter financial management, better control of costs and more efficient management of inventories and working capital.
Stokvis reported no major investments or asset sales during the quarter.
