At September 30, 2024, SAH Group’s consolidated net revenues reached 726.4 million dinars compared to 672.9 million dinars at the end of September 2023, representing an additional revenue of 53.5 million dinars and an annual increase of 8%.
The increase in consolidated net sales at the end of September 2024 was driven by the commercial performance of SAH Libya, whose net sales reached 31.4 million dinars, up 89.7% compared to the same period in 2023, and the launch of the cosmetics business, which generated sales of 55.5 million dinars.
Sales at the SAH Algeria subsidiary reached 58 million dinars, compared with 52.6 million dinars at September 30, 2023, representing annual growth of 10.4%. Sales at subsidiary Azur Papier grew by 8.7% to reach 73.8 million dinars at September 30, 2024.
In the third quarter of 2024, Group sales reached 264.2 million dinars, an increase of 12.5% compared to the third quarter of 2023. Local sales increased by 22%, mainly due to the contribution of the cosmetics business, which generated sales of 43.3 million dinars in the third quarter of 2024, while international sales decreased by 3.2%.
The breakdown of consolidated net sales (adjusted for intercompany sales) by subsidiary shows that SAH Tunisie contributed 48.7%, followed by Azur Détergent and Azur Papier, whose sales accounted for 17.4% and 10.2% of total sales respectively. Azur Cosmétiques contributed 7.6%.
The SAH Group expects strong growth in the fourth quarter of 2024, driven by a recovery in exports to the Libyan market, the commercial performance of its Libyan and Algerian subsidiaries and the launch of its cosmetics range.
In terms of profitability, the SAH Group expects a significant improvement, in particular thanks to a policy of optimizing inventories.
