CAM remains confident for the coming year despite "strong political uncertainties in Africa." On the occasion of the publication of annual results of the distribution group specializing in Africa and Dom-Tom, Richard Biella, CEO, highlighted the "good growth prospects in Africa" International Monetary Fund (IMF ). Thus, "even if the beginning of 2011 is marked by geopolitical uncertainties," the officer said he "fully trust the experience and diversity of the group through these difficulties and continue its growth."
Richard Biella adds that the "new medium-term plan confirms the objectives that the group had set at the time of the IPO, in December 2009.The group is still on the launch of new activities in 2011 including the CAD / CAM equipment and explores opportunities for acquisitions or creating new jobs. CAM also confirms that the specialty retail business is the heart of the CAM group. A strategy that "will accompany the gradual emergence of new consumers on the African continent," says management.
The group introduced in Exchange by PPR remains cautious for the coming year because of the many elections high risk personal loans. CAM also notes the uncertainty surrounding the outcome of the Ivorian political crisis, the security situation in the Sahel and "risk of spread of social and political movements in North Africa."
Events that did not stop the group perform better than expected results last year.In 2010, CAM has improved its net profit by 11% to 100.2 million euros, against 98 million expected. Turnover rose to him, from 3.6% to 2.67 billion euros, while operating income rose 11.9% to 233.2 million euros.
For branches, divisions pharmaceutical distribution and automotive distribution grew as clusters distribution and integration of new technologies were down, penalized "by the output of trading activities in Nigeria and the divestiture of wood in Morocco," says group.
The group also reported an increase of 5.1% dividend for the year in 2010 to 0.82 euros.
In early trade, as the lead of almost 3% against a decline of 0.2% for the CAC 40.
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