Hannibal Lease Achieves Notable Success in 2023
Commercial Performance
In 2023, Hannibal Lease experienced significant commercial success, with solid performances in several key areas. Its lease portfolio grew significantly, increasing by 13.1% to reach 341.1 million Tunisian dinars (MTND), ranking the company third among sector players with the best growth. In parallel, the company also ranked third in terms of production, with a market share of 15.8%.
Challenges Persist
Despite these achievements, some challenges persist. Hannibal Lease's net leasing product only increased slightly, recording a 3.1% growth to reach 36.5 MTND, hindered by rising resource costs. Operating expenses also increased significantly, rising by 9.2% to reach 18.2 MTND, mainly due to higher salary expenses.
These factors impacted the company's gross operating result, which decreased by 2.3% to 18.3 MTND compared to the previous year.
Notable Progress in Other Areas
However, notable progress was made in other key areas. Sustained efforts in provisioning led to a significant reduction in the company's provisioning charge, which stood at 1.5 million Tunisian dinars (MDT) in 2023, compared to 9.7 MDT in 2022. Additionally, the rate of classified claims decreased, falling from 10.3% to 8.6%.
Net Result and Dividend
These improvements are reflected in Hannibal Lease's net result, which recorded a significant increase to exceed 10 MTND in 2023, compared to 6.1 MTND in 2022 and 4.1 MTND in 2021. This performance is all the more remarkable considering the difficult previous years.
This improvement in profit also enabled an increase in the dividend, rising from 0.300 Tunisian dinars (DT) in 2022 to 0.400 DT in 2023. The net result of the Hannibal Lease group also experienced a remarkable 63.8% increase, reaching 13.1 MTND.
Consolidation Within the Group
In terms of consolidation within the group, subsidiaries such as Amilcar LLD and Nida SA also recorded positive performances, testifying to the overall robustness of the Hannibal Lease group.
