TLF Announces 2023 Financial Results and Achievements
TLF, a leader in leasing and factoring services in Tunisia, announced its 2023 financial results on May 8th at the Tunis Stock Exchange.
The company reported a 47% increase in individual net income, reaching 24.3 million Tunisian dinars (Mtnd), and a 36% increase in consolidated net income, reaching 28.2 Mtnd.
In 2023, TLF launched its digital platform, TLFNet, marking a significant milestone in the modernization of its services. This initiative is part of a global strategy to strengthen its market presence and offer innovative solutions to its clients.
The launch of TLFNet is accompanied by several notable achievements by TLF in 2023. Firstly, the company was awarded the 3rd FCI Factor of the Year 2023 for Export and Import in the Africa & Middle East region, recognizing its excellence in international markets.
Furthermore, TLF signed a protocol for the transfer of three Francophone subsidiaries of the Alios Finance Group, demonstrating its willingness to strengthen its position in the Francophone region. Additionally, the company recorded significant growth in its activities, with a 33% increase in leasing operations, a 15% increase in factoring revenue, and a 22% increase in its long-term rental fleet.
Despite these successes, TLF faces some challenges. The first quarter of 2024 was marked by a 9% decrease in leasing operations and a 16% decrease in factoring. However, the company remains optimistic about its ability to overcome these obstacles and aims to achieve 8% growth in 2025, with the ambition to maintain this growth rate until 2028.
As part of its commitment to social and environmental responsibility (RSE), TLF has implemented an ambitious RSE policy. This includes the establishment of an environmental and social management system, the development of a green financing offer, training for teams to improve their capabilities in this area, and adherence to the United Nations Global Compact.
It is worth noting that the group published its first ESG report on its website in 2023.
