Sotuver Releases First-Half 2026 Activity Indicators
The Tunisian Glass Company (Sotuver) has published its activity indicators for the first half of 2026. While the group's consolidated revenues, including its subsidiary SGI, show a 6% increase to 144,115 MDT, Sotuver's internal dynamics are even more pronounced. As of the end of June 2026, its turnover stood at 69,764 MDT, representing a 27% increase compared to the same period in 2025. However, this strong growth hides opposing trends between its two main markets, illustrating a strategic arbitrage assumed by the company.
Local Market Drives Performance
The driver of this performance is undoubtedly the local market, which has seen a 143% increase, totaling 28,205 MDT. This spectacular surge is directly attributed to the sustained demand from the olive oil industry. The second quarter of 2026 was even exceptional, with a 228% year-over-year increase, bringing local revenues to 20,545 MDT. In contrast, the export market experienced a 4% decline over the semester. Far from being a sign of lost competitiveness, this decrease is the result of a deliberate choice. Faced with exceptional local demand, Sotuver prioritized supplying Tunisian olive oil packers, redirecting part of its production initially intended for foreign markets.
Financial Situation Shows Signs of Improvement
In parallel with these commercial developments, the company's financial situation shows signs of improvement. Total debt decreased by 17% to 156,219 MDT, a notable improvement supported by a 20% reduction in short-term debt to 86,111 MDT. However, investments and liquidity fell by 66% over the year, a decline attributed to the settlement of treasury bills, indicating that the company used part of its reserves to reduce debt or finance its operations. Investments, which amount to 13,371 MDT over the semester, were primarily focused on maintenance and upkeep of production tools, with a 41% increase compared to 2025. This increase confirms Sotuver's willingness to preserve and optimize its production capacity, ensuring its ability to respond to strong demand and prepare for its industrial future.
Key Figures
- Consolidated revenues: 144,115 MDT (up 6% from 2025)
- Sotuver's turnover: 69,764 MDT (up 27% from 2025)
- Local market revenues: 28,205 MDT (up 143% from 2025)
- Export market revenues: down 4% from 2025
- Total debt: 156,219 MDT (down 17% from 2025)
- Short-term debt: 86,111 MDT (down 20% from 2025)
- Investments: 13,371 MDT (up 41% from 2025)
