IAME’s revenues recorded a decrease of 6.5% at the end of the first quarter of the current year to 9.5 million dinars, compared to the same period of 2021.
The decline in turnover is explained by a contrasting trend between sales on the Private Local Market on the one hand and sales to the Export and STEG on the other.
Indeed, sales on the Private Local Market show a sharp increase of 3.4 million dinars, or +90%, while sales to the Tunisian Company of Electricity and Gas (STEG) have fallen by 2.7 million dinars compared to those achieved during the first three months of the fiscal year 2021, down 76.6%.
In addition, export sales have suffered a fall of 48% (-1.3 million dinars) to 1.4 million dinars, due to the late confirmation of some orders and delays recorded in the receipt of raw materials and components, resulting from the global economic situation.
Investments made at the end of the first quarter of the year 2022, amount to 207 thousand dinars, against 271 thousand dinars during the same period of the year 2021, a decline of 23.6%.
As for the bank indebtedness of SIAME, it has recorded an increase of 3.5 million dinars at the end of the first quarter of 2022, compared to its level as of December 31, 2021, a growth of 26.2%, rising from 13.5 million dinars to 17 million.
The evolution of the bank debt is explained by the increase of the outstanding Customers and the contraction of the suppliers’ balance.