In November 2025, the GCR Ratings agency renewed the rating of long term AA- (WU) from Société Ivoirienne de Câbles (SICABLE), together with a stable perspective. The short-term rating is also maintained at A1+ (WU).

GCR justifies this assessment by the solidity of the profile. financial position of the company: absence of debt, high liquidity and comfortable coverage of short-term commitments. The agency highlights However, a still high customer concentration and profitability exposed to fluctuations in copper and aluminum prices.

In 2024, SICABLE recorded a turnover of increase of 7% to 19.1 billion CFA francs, driven by the increase in sales of aluminum cables. EBITDA increased by 8.1% to 1.96 billion FCFA, despite pressure on raw material costs. The net result However, it fell by 14.3% due to a decrease in the resumption of provisions.

Leader of the Ivorian cable market, supported by its belonging to the Prysmian group, the company benefits from an industrial base strong and holds significant shares in aluminum cables (73%) and copper (25%). It is continuing to diversify its clientele in order to reduce its dependence on a few distributors.

According to GCR, the stable outlook reflects the expectation of a robust financial structure and very comfortable liquidity within 12 to Next 18 months. However, the agency notes that profitability could remain. volatile. An increase in the rating would depend in particular on maintaining the strong liquidity, revenue growth and better customer diversification.

Conversely, a decrease could occur in the event of prolonged deterioration in liquidity or a significant decline in margins.