Sanimed's Revenue Drops in Q1 2024

During the first quarter of 2024, Sanimed's global revenue decreased to 7,574 Mtnd, a 38% drop compared to 2023. This trend also affected local revenue, which fell by 16%. It decreased from 5,466 Mtnd as of March 31, 2023, to 4,580 Mtnd as of March 31, 2024.

Similarly, export revenue plummeted by 55%, from 6,688 Mtnd to 2,994 Mtnd, while production decreased by 54%.

Despite this, the company maintained its commitment to innovation by investing 254 Mtnd. On the financial front, Sanimed managed to reduce its bank commitments by 4%, from 109,830 Mtnd to 105,058 Mtnd as of March 31, 2024.