course of action

Subsidiaries and Affiliates

Key figures

    (in million MAD)) 2012 2013 2014
Customer base (in thousands) 32 881 37 2462 40 315
Morocco 19 807 20 409 20 697
International 13 073 16 837 19 617
Consolidated sales 29 849 28 559 29 144
Morocco 23 178 21 294   21 133
International 7 079 7 754 8 630
Consolidated operating income before amortization
16 720 16 213 15 691
Morocco 13 414 12 308 11 578
International 3 290 3 904 4 113
Consolidated operating income 11 835* 10 978 10 266
Morocco 10 020 8 595 7 734
International 3 290 2 383    2 532
Net income – Group’s share 6 705 5 540 5 850
Investments 5 385 4 796 4 901
Morocco 3 791 3 601 3 359
International 1 592 1 195
1 542
Total staff    
Morocco 9 516 9 374 9 219
International 2 614 2 433 2 342