At the end of the 1st half of 2022, Cosumar recorded an increase in its consolidated revenue of +16% to MAD 5,076 Mn, driven mainly by the Export activity. This rose by +68%, going from MAD 1,272 Mn in H1-21 to MAD 2,137 Mn in H1-22. This is due to a double positive Price/Volume effect.
According to the Foreign Exchange Office statistics, the export selling price would stand at MAD 5,583 T in H1-22 against MAD 4,118 T in H1-21, an increase of +36%. On the other hand, the volumes exported jumped by +24%, going from 309 KT to 383 KT over the same period. Compared with our annual forecast, the achievement rate of revenue settles at 50%.
