The OCP group recorded about 57.6 billion dirhams in revenues at the end of last September, compared to 41.6 billion dirhams in the same period last year, accounting for a 38% increase.
the leading group in the fertilizer industry stated that investment expenditures amounted to about 7.1 billion dirhams, compared to 6.4 billion dirhams a year ago.
Mostafa Terrab ,the group’s CEO and general manager, said that “the growth recorded in the number of phosphate transactions at the end of the third quarter of the current year included the entire value chain.”
He stated that “the industrial and commercial excellence of the group enabled it to meet the increasing demand from customers during the first nine months of the current year, while taking advantage of the appropriate price trends.”
Terrab reported that the improvement in production costs and operational efficiency also resulted in a 79 percent growth in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA); with a margin of 42 percent.
The same official stated that the group will continue to efficiently meet global demand in high-growth markets by increasing product diversification.
During the first nine months of 2021, the South American share of Moroccan fertilizer exports represented about 38 percent, while the share of Africa and Asia was about 21 percent and 18 percent, respectively.
In terms of sales number, phosphate fertilizers accounted for about 60 percent, and the OCP group increased the volume of specialized products with a total of 37 percent of fertilizer exports, compared to 30 percent in the same period last.
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