Tunisia: Land’Or sees exports jump 119% in Q1

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    Land’Or posted in the first quarter of the year its best performance over the last five years. The company has achieved 46% growth in turnover compared to the same period in 2017 to 26.3 million dinars. That performance is due in particular to export achievements.

    Thanks to a clear improvement in sales to traditional markets and a significant breakthrough in new markets and destinations, sales at the end of March saw a growth of 119% compared to the same period last year to 11.5 million dinars against 5.2 million a year earlier.

    As for the local turnover, it recorded at the end of the first quarter of the year 2018 a growth of 16% compared to the same period of the year 2017 to reach 14.7 million dinars.

    In addition, the company made investments of around 1 million dinars during the first quarter of 2018, mainly representing material investments for the automation of production lines.

    As for the debt, its overall level remains well controlled despite a rise of 14% between the first quarter of 2018 and the same period of 2017 to reach 34.2 million dinars.

    Indeed, this relative change is due to the increase in working capital requirements related to the growth of turnover on the one hand, and on the other hand to material cost inflation following the depreciation of the dinar against the euro.

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