FINANCIAL HIGHLIGHTS
Key annual financial data
2023 was a year of further
growth for our Group, in which we achieved record levels in absolute terms both
in revenues, which increased by over 10% at constant exchange rates, and in EBITDA,
despite a softer-than-expected European market.
Consolidated revenues
2,260.1 million euros , with an increase of 10.2% at constant exchange rates and of 6.7% at current exchange rates compared to 2022. The performance was driven by an excellent, above-market organic growth of 8.0%, and, for 2.2%, by the acquisitions made mainly in France, Germany, China, and North America.
EBITDA
recurring was 541.6 million euros, an increase of 3.1% compared to 2022. The recurring EBITDA margin of 24.0% was 80 basis points lower than the record level reported in 2022 due mainly to the strong investments in specialized field personnel to support the company's future growth and lower operating leverage in EMEA due to a softer-than-expected market.
net profit
recurring amounted to 165.8 million euros, a decrease of 9.5% compared to the 183.3 million euros recorded in 2022 after higher depreciation and amortization and an increase in financial expenses.
Performance by region
Discover the performance across all the geographic regions compared to 2022.
EMEA
Americas
APAC
EMEA
EMEA
ABOVE-MARKET PERFORMANCE
Americas
Americas
Outstanding performance
APAC
APAC
SOLID REVENUE performance
Our results
Here you can navigate our interactive graph.
In the table above:
- 2018 data is presented with the application of IFRS 15 accounting principle and without the application of IFRS 16 accounting principle
- Since 2019, data is presented with the application of IFRS 16 accounting principle
- Since 2020, data is presented without the contribution of the Elite business that was discontinued at the end of 2021