# OCP Group Reports 7 Billion MAD Drop in Q1 2023 Revenue

> OCP Group published a statement reporting Q1 2023 revenue of 18.2 billion MAD, a drop of nearly 7 billion MAD from Q1 2022. The decline was driven by both lower prices and lower volumes across segments, and EBITDA fell from over 11.6 billion MAD to 4.6 billion MAD. The company blamed an unusually high price spike in early 2022 and noted revenue was up 28% versus Q1 2021.

- Date: 2023-05-30 · published 2023-05-30T12:00:00.000Z
- Category: market · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/36280-ocp-group-reports-7-billion-mad-drop-in-q1-2023-revenue
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md)

## Why it matters

Falling phosphate prices and volumes at the world's largest phosphate exporter signal softer fertilizer costs ahead for buyers.

## Read by commodity

- DAP: bearish ▼

## Sources

- barlamantoday.com: https://barlamantoday.com/2023/05/30/ocp-group-reports-7-billion-mad-drop-in-q1-2023-revenue/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.