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Press release 4.29.13 par admin PDF

2013 First-quarter Revenue

• 7.5% growth in revenue
• Advances across all businesses despite a sluggish growth environment
...

2013 First-quarter Revenue

 

In a statement, Alain Viry, Chairman of CFAO's Management Board said:

"CFAO's businesses continued to deliver sustained growth during the first quarter of 2013, despite the slowdown at the end of 2012 which has continued into 2013. Most of our markets in Sub-Saharan Africa remain bullish, while CFAO Automotive sales in Algeria were sluggish.

Our Alliance with the TTC group is gradually taking shape. Both groups are now able to confirm the strategy aimed at reviewing the development of CFAO beyond its current geographic and business scopes, notably as regards new distribution businesses in Africa.

Driven by its accomplished and committed teams, the CFAO group, a “distributor of brands”, is continuing to consolidate its leadership positions on high-potential African markets, and to seek out in the mid-term new developments in emerging countries."

 

Please find attached the entire press release hereafter.


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