SNMVT Monoprix Reports Strong Q1 2024 Results

During the first quarter of 2024, SNMVT Monoprix generated a turnover of 165.1 million dinars, representing a 6.53% increase compared to the same period in 2023, which stood at 155 million dinars. Excluding sales related to a specific operation, this growth amounts to 1.53%. It is essential to note that the comparison is influenced by the calendar, particularly due to the month of Ramadan.

In 2024, SNMVT Monoprix's wage-to-revenue ratio remained stable, decreasing from 10.09% in 2023 to 10.03%. Meanwhile, financial charges and products decreased overall during the first quarter of 2024 compared to the same period in 2023.

Regarding the company's activities, the number of operational points of sale increased to 85 stores, thanks to the opening of the Riadh Al Andalous store in February 2024, while the Bab El Khadhra and Ettadhamen stores were closed.