Moroccan Motorway Company Reports 5.3% Revenue Increase to 3.1 Billion Dirhams

According to the summary of the company’s 2018 accounts, this growth is mainly due to the 5.7% increase in toll revenue, exclusively related to traffic, and the 1.5% decrease in non-toll revenue compared to 2017.

It can also be justified outside of these two effects by the increase up to 18 MDH in non-toll revenue, i.e. an evolution of 11.8%, including the proceeds from sub-concession services (13 MDH), and the sales of JAWAZ passes (+5 MDH).

According to the same source, the number of JAWAZ passes reached 405,816 at the end of December 2018 compared to 197,681 at the end of December 2017, an increase of +105%, thanks to the commercial and advertising campaigns launched since the beginning of the year. As for the gross operating surplus (EBE), it also increased from 1,935.6 MDH at the end of December 2017 to 2,277.7 MDH at the end of December 2018, an increase of 17.7%.

Furthermore, the improvement in EBE can be justified by the significant decrease in major repairs compared to 2017, due to unfavorable weather conditions (-254 MDH), partially offset by the 13.6% increase in current operating expenses (excluding GR, MS and depreciation) to reach 395 MDH, compared to 348 MDH in 2017.