HomeEconomyOCP: Turnover up 38%

OCP: Turnover up 38%

The OCP Group posted, at the end of September 2021, a turnover up 38% compared to the same period of the previous year, reaching 57.6 billion dirhams.

This performance, indicates the Group, is mainly explained by the increase in selling prices in the three segments (Rock, Fertilizers and Acid) which largely offset the drop in volumes exported of fertilizers from one year to the next following to a shift in demand to phosphoric acid.

In terms of capital expenditure, the Group reports a total of 7.126 million dirhams against 6,410 million dirhams made a year earlier.

Commenting on these results, the Chairman and CEO of the Group, Mostafa Terrab, underlined that the OCP “continues to grow in the third quarter of 2021, posting a significant performance across its entire value chain”.

“Our industrial and commercial excellence has enabled us to meet the growing demand from our customers during the first nine months of this year while taking full advantage of favorable price trends. Adding to this our constant efforts in terms of optimizing production costs and operational efficiency, this resulted in a 79% growth in our EBITDA corresponding to an EBITDA margin of 42%, among the best in the world. sector ”.

Terrab also underlined that the Group continues “to meet global demand efficiently in high growth markets through increased diversification of our products. In this context, South America represented 38% of the Group’s fertilizer exports, and Africa and Asia represented 21% and 18% respectively, up compared to the same period of the previous fiscal year ” .

In terms of turnover, he further indicated, phosphate fertilizers represented a share of 60% of total turnover at the end of September 2021, with an increase in the production of specialty products, totaling 37% of fertilizer exports, against 30% for the same period in 2020 ″.

The results published by the Group also show that OCP is on track to post a significant increase in its results for the year 2021. At the same time, the Group is pursuing its investment program in order to strengthen its competitive position and its commitment. social.




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