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HomeNewsTunisia: ADWYA company halves its turnover in Q1 to 14 million dinars

Tunisia: ADWYA company halves its turnover in Q1 to 14 million dinars

The company ADWYA saw its turnover fall by 52% to 13.8 million dinars at the end of the first quarter of the current year, from 29 million a year earlier.

This is due mainly to the effect of stock made by wholesalers in the first quarter of 2020 in anticipation of the impact of COVID-19 and the great decline in pathologies requiring antibiotics following the barrier measures applied against the spread of coronavirus.

The share of sublicensed products in sales is down from 52% in to 39% against a shift in the share of generics from 44% to 51% between the first quarter of 2020 and 2021.

There was a clear shift in sales in March compared to January and February.

The Structure of debt at the end of March 2021 amounted to 31.1 million dinars, down 16% compared to the end of December 2020 and this, thanks to the repayment of bank loans and a decrease in management loans of 22%.

Investments reached 283 thousand dinars, at the end of the first quarter, intended mainly for the renewal of industrial equipment and tools.

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