SFBT Reports 2024 Financial Results
The SFBT has informed its shareholders and the market that its Board of Directors has approved the individual and consolidated financial statements for the 2024 fiscal year.
Financial Highlights
- Net income: 252,152 MTND, compared to 253,533 MTND in the previous year
- Consolidated financial statements: profit of 296,441 MTND, compared to 295,579 MTND in 2023
- Net result of the Group: 282,951 MTND
Challenging Year, but Resilient Performance
The year was marked by equilibrium, despite being challenging, especially in the second half. The last quarter even recorded a 4.7% decline in turnover, which is unusual for SFBT. The decrease in carbonated beverage activity is mainly due to the strong increase recorded during the same period of the previous year, linked to the resumption of activity after the sugar and CO2 shortage during the high season in July and August 2023. Therefore, an adjusted turnover figure should be considered to compare real performances.
Economic Conditions and Consumer Spending
Although SFBT is an excellent defensive stock, it suffered from economic conditions and the erosion of local consumers' purchasing power. However, the company's ability to generate profits and reward its shareholders remains unique on the Tunisian stock market.
Upcoming General Assembly and Dividend Proposal
The Ordinary General Assembly is scheduled for May 7, 2025. A dividend of 0.800 TND per share is proposed, compared to 0.740 TND per share in 2023. The net yield is 6.08%. Since the beginning of the year, the stock has been stable, with a slight increase of 2.07%.
