” The only thing that leaves us optimistic is the stability of Tunisian companies, evidence in support of stock market indicators. Today, we have a solid fabric in the economy and despite all the effects of the national and international situation, companies continue to resist, which is a very good thing. “. This was indicated by the Director General of the Tunis Stock Exchange (BVMT), Bilel Sahnoun, at the periodic media conference, held on Tuesday, May 17, 2022 at the headquarters of the Stock Exchange.
The CEO thus pointed out that despite the increase in Tunindex of almost 3% since the beginning of the year, the decrease in trading volumes of almost 50% compared to 2021, a pandemic year, is worrying.
Although the leaders see no explanation for the factors, Mr. Sahnoun believes the actors are in a waiting situation, which has been going on for a very long time, according to him.
He also expressed concern about the overall situation that began with a pandemic-related crisis, followed by the war in Ukraine and current tensions between East and West. This has a direct impact on the global situation: major investors are concerned about the above facts. Therefore, the increase in the risk rate in developing countries, lack of visibility or factors that can positively influence the situation and predict recovery, he explained.
In addition, the CEO specified that no IPO is planned for the moment, whereas at the beginning of the year four to five companies expressed their interest. ” We are optimistic about the new introductions in 2022. But unfortunately no official until now, no files submitted “.
Regarding the annual results of listed companies for 2021 compared to 2020, the director of communications of the Tunis Stock Exchange, Lotfi Khezami indicated that until April 30, the deadline for communication of financial statements, only 35 companies interacted with their numbers, or 43 % of the chances. On May 18, 2022, 49 announced their results, and 35 distributed or proposed to distribute a dividend.
Still according to Khezami, in the financial sector, the twelve listed banks achieved total revenue of 1.2 billion dinars by the end of 2021, an increase of 26.1% compared to last year. For their part, the result of seven listed leasing companies, which were severely affected by the Covid-19 crisis, experienced an increase of 82.52%. Their total result reached 61.9 MD.
Regarding the evolution of indices and earnings of listed companies in the first quarter of 2022 compared to the same period of 2021, we found that on April 20, 2022, the regulatory deadline, 49 listed companies (60% of the rating, editor’s note ) their indicators for the first quarter of 2022. This number rose to 79 on May 18, 2022 (98% rating, editor’s note): only AMS and MIP companies did not publish their indicators.
Indicators of activity of listed companies in the first quarter of 2022 show an increase in their total revenue of 10.1% compared to the same period of 2021, to stand at 5.2 billion dinars against 4, 7 billion dinars. 71% of companies that published their indicators for the first quarter of 2022, or 56 out of 79, improved their earnings compared to the same period last year. The 20 companies that make up Tunindex20 have a monopoly of 3.3 billion dinars (or 64% of global revenue), up 12% compared to the same period last year.
In the financial sector, the twelve listed banks achieved a cumulative net banking income (GNP) of 1,447 MD in the first quarter of 2022, against 1,295 MD in the same period of 2021, (+11.8%). The total net income of the seven listed leasing companies rose 8.6% in the first quarter of 2022 compared to the same quarter of 2021, to reach 12 MD against 11 MD. The five listed insurance companies saw the total amount of premiums issued reach 399 MD against 353 MD (+13%). Thus, the financial sector as a whole improved its total revenue in the first quarter of 2022 by 11.6% compared to the same period last year.
In the consumer goods sector, the total revenue of the three major groups operating in the food industry (Poulina Group Holding, Délice Holding and SFBT) increased by 12.33% from 1,222 MD to 1,373 MD. In this same sector, five car dealers saw their total turnover drop 20% in the first quarter of 2022 to stand at 215 MD against 268 MD in the first quarter of 2021.
In the Consumer Services sector, the total revenue of the two listed retail chains (Monoprix and Magasin Général) dropped slightly by 0.8% in the first quarter of 2022 compared to the same period. in 2021, to reach 368 MD against 371 MD.
Of the nine sectors, eight saw an increase in their revenue, the primary materials sector made the strongest growth with 60.1% followed by the health sector with 29.2%. The largest decline was in the consumer services sector with a decline of 5.8%.
Ten sub-sectors marked positive performance. The largest increases were in “Travel and Leisure” with 178%, “Chemicals” with 76.7%, and “Commodities” with 40.8%. Evolution of revenues by company: The largest increase in revenues was achieved by Essoukna (+268.9%), STA (+194.7%), Alchemy (+111.6%), ICF (+89.6%). ) and Adwya (+66.9%).
In contrast, the largest revenue declines were recorded by Electrostar (-90.8%), Gif-Filter (-83.9%), Sits (-61.6%), UADH (-48.5%), Placement Tunisie Sicaf (-42.1%) and City Cars (-34.5%).
The Tunis Stock Exchange’s benchmark index, the Tunindex, recorded an increase of 0.88% in the first quarter of 2022 against a return of 2.97% in the same period of the year 2021. The Tunindex20 index showed, at the same time, the same trend that with an increase of 1.32% against 4.27% in the same period of the year 2021.
Five of the twelve sector indices published by the Tunis Stock Exchange recorded positive performances at the end of the first quarter of 2022. The best performances went to the “Financial Services” index of 7.41% and the “Financial Services” index. Banking “at 6, 46%. On the other hand, seven sector indices posted negative performances. The “Household and Personal Care Products” index experienced the largest decline with -9.21% followed by the “Consumer Goods” index with -6.78% and the Agri -food and Beverages index with -5.89%.