30.2 C
Tunisia
Friday 24 September 2021
HomeNewsTunisia: One Tech Group announces record turnover of 841 MD in 2018

Tunisia: One Tech Group announces record turnover of 841 MD in 2018

The year 2018 has been a very successful year for One Tech Holding. The Group operates in several business sectors (mechatronics, cabling, electronics, IT), posting record revenues and growing strongly.

The One Tech Group, founded by Moncef Sellami, has just published its activity indicators for the year ended December 31, 2018.

The Group achieved record revenues of around 841 million dinars, compared with 698 million a year earlier, up 20.4%.

The revenue growth at the end of December 2018 was mainly the result of a significant increase in exports (+ 25.3%), which now represent 80.5% of the group’s consolidated sales, compared with 77.3% in 2017.

The mechatronics division’s consolidated revenues (electronic components and modules) reached 405 million dinars, a sharp increase of 22.6% compared to their level in 2017.

The sales of this division are entirely destined for export.

The consolidated revenues of the cable division amounted to 378 million dinars, an increase of 20.5%, thanks to exports which accounted for 71% of the sales of this pole in the year.

The One Tech Group’s investment effort remains sustained in innovation and growth as well as in quality and productivity improvements.

As of December 31, 2018, physical investments reached 45.9 million dinars, up 20% compared to their level in 2017.

In addition, the group’s overall indebtedness rose to 142.5 million dinars, including 101 million dinars of medium-term loans.

The Group also reports that its Moroccan subsidiary OTMA achieved a 101.5% growth in revenues as of December 31, 2018 compared to 2017.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS