Tunisia: SFBT reaches $1.45 billion of market capitalization

On August 27, 2018, Société de fabrication des boissons de Tunisie (SFBT) became the first company listed on Tunis stock exchange to reach TND4 billion (about $1.45 billion) of market capitalization.

This level capitalization was reached when the local subsidiary of Castel group ‘s shares was listed at TND24.300 each. While Tunisia’s economy is slowly growing after lean years, due to the political and security turmoils that followed the revolution of 2011, the brewery is showing a really strong financial health. Indeed, the company announced that during Q1, 2018, its net profit grew by 16% to reach TND110 million ($39.5 million) and the turnover was TND280 million ($102 million).

This company is the undisputed leader of the Tunisian brewery sector despite the arrival of Heineken in 2017. It produces local (Celtia, Stella) and international brands (33 Export, Löwenbräu and, Beck’s).

The company which also produces soft drinks exports part of its production to Libya and some West African countries.

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