Tunisian Society of Pneumatic Industries (STIP) Sees Significant Growth in Commercial Activity
The Tunisian Society of Pneumatic Industries (STIP) has recorded a strong increase in its commercial activity during the first half of 2026, despite a significant decline in production. Indicators published on the Tunis Stock Exchange show a 7.1% increase in turnover over the first six months of the year, driven mainly by the strength of the local market, with the second quarter showing an even more marked acceleration.
Second Quarter Performance
Between April and June 2026, STIP achieved a turnover of 40.1 million dinars, compared to 32.7 million dinars in the same period last year, representing a 22.7% increase. This growth is driven by two factors:
- On the Tunisian market, sales increased by 18.8%, reaching 34.6 million dinars.
- Exports saw an even more spectacular increase of 54.5%, although international sales remain limited in volume, at 5.5 million dinars.
First Half Performance
Over the entire first half, turnover stood at 64.3 million dinars, compared to 60 million dinars in the same period in 2025. This evolution is essentially due to the dynamics of the local market, which accounts for over 90% of the group's revenue. In parallel, the company faced significant industrial difficulties, with production falling by 30.1% in the second quarter, from 2,656 tons to 1,856 tons.
Challenges and Adaptations
According to STIP, this decline is directly related to disruptions in the supply of petroleum-derived raw materials caused by the conflict in Iran. In response to this situation, the company has adapted its industrial operations by prioritizing the production of tires for passenger vehicles and temporarily suspending the production of tires for heavy vehicles.
Investments and Financials
Despite this context, the company is continuing its investments. As of the end of June 2026, these investments totaled 4.7 million dinars, reflecting the company's desire to maintain its efforts to modernize its production facilities. However, bank commitments remain high, with loans, bank financing, and other financial liabilities totaling 99.7 million dinars at the end of June, a level higher than the 96.3 million dinars recorded a year earlier.
