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Tunisia: ASSAD sees its revenues drop by 14% to 102 million dinars in 2020

The company L’Accumulateur Tunisien “ASSAD” achieved a turnover of 102.5 million dinars in 2020, compared to 119.9 million the previous year, a decrease of 14.5%.

On the local market, turnover increased by 2.7% to 42.7 million dinars, while on the export market, revenues decreased by 23.6% to 59.9 million dinars.

Production volume decreased by 6.4% compared to 2019 to 1,142,657 units (standard battery equivalent). Investments for the year were of the order of 3.8 million dinars.

As for the total debt, it increased by 14.1% compared to its level at the end of December 2019 to reach 76.7 million dinars.

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