By Hicham Alaoui

Maroc Telecom has reaped a consolidated turnover of €3.2 billion last year, down slightly by 0.5 percent at constant exchange rates.

Despite the 1.6 percent increase in the customer base to 75.4 million customers, the good performance of fixed-line data revenues in Morocco (+6.7 percent) and the growth in revenues of the African subsidiaries (+1.3 percent), the Group’s revenues have been impacted by the decline in mobile activities in Morocco (-3.9 percent).

This is particularly true of mobile data (-5.6 percent).

This decline in revenues was reflected in operating income before depreciation and amortisation (EBITDA), which amounted to €1.67 billion (18.5 billion dirhams), down 0.8 percent at constant exchange rates.

EBITDA’s margin thus remained stable at 51.8 percent.

As for the group’s share of profits, they amounted to nearly €525 million (5.8 billion dirhams), down 3.3 percent, due, among other things, to depreciation, given that the group has made €678.6 million (7.5 billion dirhams) of investments in 2022, up 34 percent.