Done: Announced a plan to invest MAD 240 million in 2015.
Analysis: To finance its plan development AIGUEBELLE just put up a five-year investment plan for an amount of MAD 240 million. This investment should enable the company to triple its production capacity in late 2011 and construction of a new factory in 2013 for an amount of MAD 75 million. Note that with a workforce of 300 people in 2010 Aiguebelle generates a turnover of MAD 160 million and expects to achieve a turnover of MAD 220 million in 2011 to reach MAD 630 million from 2016.
Conclusion: These new capabilities should allow AIGUEBELLE to face competition from imports but also to conquer new markets including Europe, North Africa and the Middle East. However, in the medium term, the company could face difficulties in the supply of cocoa because of the Ivorian crisis.
Analysis: To finance its plan development AIGUEBELLE just put up a five-year investment plan for an amount of MAD 240 million. This investment should enable the company to triple its production capacity in late 2011 and construction of a new factory in 2013 for an amount of MAD 75 million. Note that with a workforce of 300 people in 2010 Aiguebelle generates a turnover of MAD 160 million and expects to achieve a turnover of MAD 220 million in 2011 to reach MAD 630 million from 2016.
Conclusion: These new capabilities should allow AIGUEBELLE to face competition from imports but also to conquer new markets including Europe, North Africa and the Middle East. However, in the medium term, the company could face difficulties in the supply of cocoa because of the Ivorian crisis.
BMCE Capital Bourse
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