The Tunisian Tire Manufacturing Company (STIP) achieved a 2% increase in revenue in 2024 compared to 2023, rising from 139.1 million dinars to 141.4 million dinars.
Domestic revenue showed a growth of 7.8%, reaching 120 million dinars, up from 111.3 million dinars in 2023.
However, export sales declined by 23%, settling at 21.4 million dinars at the end of December 2024, compared to 27.8 million dinars during the same period the year before.
Annual production also decreased by 21.5%, dropping to 8,776 tons, down from 11,179 tons in 2023.
Additionally, the company’s outstanding bank debt decreased by 19%, falling from 96.2 million dinars at the end of December 2023 to 77.9 million dinars at the same date in 2024.
