Tunisian Accumulator Company ASSAD Sees 14.9% Decline in Revenue
The revenue of L'Accumulateur Tunisien ASSAD decreased by 14.9% in the first quarter of 2026, reaching 23.2 million dinars (MDT), compared to 27.2 MDT in the same period last year, according to its recently published activity indicators. This decline is mainly due to the sharp contraction of export sales in an unfavorable international context.
Detailed Analysis
The company records contrasting trends between its markets:
- Local Revenue: The local revenue increased by 9.1% to 15.5 MDT, compared to 14.3 MDT in the first quarter of 2025, confirming a consolidation dynamic in the domestic market.
- Export Revenue: Export revenues, on the other hand, plummeted by 41.3% to 7.6 MDT, compared to 13 MDT in the same period last year. This decline is explained by the temporary delay in renewing the import license of the Algerian subsidiary BAA, in a volatile international context.
Financial Performance
On the financial side, ASSAD continues to reduce its debt:
- Total Debt: The total debt decreased by 4.9% to reach 76.4 MDT, compared to 80.4 MDT in the same period of 2025.
- Medium and Long-Term Debt: Medium and long-term debt decreased significantly by 52.1% to 10.4 MDT, reflecting a substantial reduction in structural financial commitments and an improvement in the company's risk profile.
- Operating Credits: In parallel, operating credits increased by 12.5% to 66 MDT, linked to the financing of operating needs and support for the operational cycle.
