HomeNewsTunisia: SOTUVER exceeds 500 million dinars in market capitalization, a first

Tunisia: SOTUVER exceeds 500 million dinars in market capitalization, a first

The market capitalization of the Société Tunisienne de Verrerie (SOTUVER) has exceeded the 500 million dinars mark for the first time since its listing in 1998, reaching 510 million dinars at the close of trading on Tuesday, May 23, 2023.

The first supplier of the Tunisian industry and also a regional supplier of reference for its customers in neighboring countries in the Greater Maghreb and Southern Europe, saw its share price soar by 50% since the beginning of the year, closing Tuesday’s session at 13 dinars.

The company, which belongs to the BAYAHI Group, achieved a record turnover of 160 million dinars in 2022, up 49% compared to the previous year, while export sales continued to grow to 95.6 million dinars (+55%).

Thanks to this commercial prowess, SOTUVER confirms its status as a major exporting company with 60% of export sales, without counting indirect exports which represent 11% of the overall turnover.

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