As of December 31, 2016, the “Ateliers Mécaniques du Sahel” (AMS) had net sales of 22,183,413 TND against 25,360,705 TND in the same period in 2015, down 12.5%.
This overall decrease is explained by the decline in market demand, impacted by the country’s unfavorable economic situation and particularly the real estate sector, the sharp recovery in the parallel market for products from Turkey and China, and a lack of turnover in the 4th quarter of 2016 from government procurement (essentially from SONEDE) following the delay in notifying the AMS of these contracts, amounting to 7 MTD (renewable over 3 years).
Compared to the same period of the previous year, AMS had a turnover from public procurement of 3,144,441 TND.
Despite the overall decrease in turnover in 2016 compared to 2015, export turnover was tripled at the end of 2016 compared to 2015, from 558,891 TND to 145,835 TND.
This is the result of major efforts of prospecting and commercial development of several foreign markets mainly in Sub-Saharan Africa and Algeria.
At the end of 2016, the value of finished production (valued at the selling price) reached 22,557,129TND against a value of 32,326,762 TND at the end of 2015, i.e. a decrease of 30.2% mainly due to the absence of government contracts (SONEDE markets) and the decline in demand for sanitary products.
The value of the company’s indebtedness at the end of 2016 amounts to 29,732,679 TD against 39,940,284 TD at the end of 2015, thus recording a significant decrease of 25.6%.