Talaat Moustafa Group Holding: 2Q22 – Unfavorable base effect on sales

  • 2Q22 sales declined 66.2% y/y to EGP5.9 billion given 2Q21 had witnessed the massive launch of Noor

  • 2Q22 revenue rose 45.8% y/y to EGP4.1 billion and net profit rose 29.4% y/y to EGP546.6 million

  • TMGH is on track to meet our FY22 sales forecast of EGP24.4 billion projected in our EGP16.66/share valuation

Subscribe to read this report

You can read this report by subscribing to a Starter or Pro plan today.

Already have an account? Log in


Access to recommendations is a Pro feature.


This publication is being distributed by Tellimer solely for information purposes irrespective of a particular user's means, financial situation or investment objectives. The information does not constitute investment recommendation, and nor is it investment, legal or tax advice or an offer or solicitation to purchase or sell any financial instrument.

This publication is not intended for distribution to, or use by, any person or entity in any jurisdiction in any country where such distribution or use would be contrary to law or regulation, or which would subject Tellimer to any registration requirement within such jurisdiction or country.

This research is produced by a third party. The Tellimer team has had no editorial input into the content of the note.