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Thndr Claps » EGY Claps » Health & Pharma 👩‍⚕️ » Macro Reveals 2022 Goals💅

Macro Reveals 2022 Goals💅

by Shams Abbas
February 10, 2022

Chairman of Macro Group (MCRO) Ahmed El Nayeb revealed the company’s plans post-IPO.

More Details🧐 Macro aims to raise its exports to 5% of total sales in 2022. The company currently exports to 12 countries, & plans to export to more countries in the MENA region.

Macro targets adding 23-25 new products each year, noting that it currently has around 112 products.

El Nayeb added that Macro will expand its nutritional supplements line, & begin producing pharmaceutical disinfectant products.

Macro’s general director revealed the company’s intention to acquire a cosmeceuticals company with 12 products ready to be put out in the market.

Why this Matters🤔 El Nayeb said the company is targeting a 30% year-over-year growth in total sales this year. 

Macro has had a policy of distributing 50% of its yearly net profits in cash dividends, & will continue to go by that policy after it went public. 

Macro debuted on the EGX last Thursday, starting off strong with an intraday high 15% above its IPO price, but it was all downhill from there to eventually close down 7%.

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