Despite an unfavorable economic climate characterized by a difficult international environment and the scheduled 90-day shutdown of one of the plant’s furnaces, SOTUVER has demonstrated its resilience by maintaining a strong presence abroad, generating 75% of its sales from direct and indirect exports.
In the fourth quarter of 2024, SOTUVER’s sales fell by 34% compared with 2023, reaching an annual decline of 38%. The company’s total turnover for the year was 105 million dinars.
Including the sales of its subsidiary SGI, the consolidated sales of the SOTUVER group fell by 9% compared to 2023.
At the end of December 2024, the value of production was 116 million dinars, compared to 175 million dinars in 2023, a decrease of 34%. This decrease is mainly due to the scheduled shutdown of one of the plant’s two furnaces.
In 2024, capital expenditure totaled 93 million dinars, mainly related to the renovation and modernization of production facilities (48 million dinars) and the purchase of shares in the capital of its subsidiary SGI (44 million dinars).
At December 31, 2024, the company’s total debt amounted to 182 million dinars, an increase of 83% compared to the previous year. This increase is mainly due to the use of medium and long term loans to finance major investments in equipment and financing.
Investments and cash decreased by 45% to 39 million dinars at the end of 2024, compared to 71 million dinars in 2023.
