Home Finance & Business Unimer reports resilient H1 results with strategic investments and debt reduction

Unimer reports resilient H1 results with strategic investments and debt reduction

Unimer, a key player in Morocco’s seafood industry, achieved a revenue of 557 million dirhams in the first half of 2024. Although this figure represents a slight decline compared to the previous year, it underscores the group’s resilience in navigating a challenging national context marked by a persistent sardine shortage.

Despite the obstacles faced in the fresh fish segment, Unimer capitalized on a successful anchovy fishing season. The semi-preserved fish segment experienced solid growth, bolstered by increased production volumes across all its subsidiaries. This impressive performance significantly contributed to the group’s overall revenue in the first half of the year.

Unimer also demonstrated strong financial management. The group’s consolidated net debt decreased by 9% from the end of 2023, standing at 861 million dirhams. This improvement reflects a strategy focused on cost control and resource optimization.

At the same time, the group continues to invest in its future. Investments made during the first half of the year amounted to 17.8 million dirhams, primarily aimed at modernizing production tools and upgrading industrial infrastructure. These initiatives highlight Unimer’s commitment to enhancing its competitiveness and solidifying its position as a market leader.

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