Key annual financial data

In 2022 we continued along our growth path, recording an increase in all the main economic indicators and reaching record levels of revenues, EBITDA and net profit. For the first time in 72 years, revenues exceeded 2 billion euros and EBITDA was above 500 million euros, with double digit growth in net profit 

Another record year

Consolidated revenues

2,119.1 million euros, an increase of 8.8% at current exchange rates and of 6.8% at constant exchange rates compared to 2021. This performance is attributable for 3.0% to above market organic growth and for 3.8% to acquisitions, mainly related to Bay Audio. The foreign exchange effect was positive for 2.0% mainly driven by the strengthening of the US dollar against the Euro. 


recurring was 525.3 million euros, an increase of 8.8% compared to 2021. The recurring EBITDA margin came in at 24.8%, in line with the record level reported in 2021. This profitability was achieved in a highly inflationary environment thanks to timely and effective cost management measures and even after significant investments in the business.

net profit

recurring reached 183.3 million euros, 4.6% higher than the 175.2 million euros recorded in 2021, despite higher financial expenses, even though most of the long-term debt is at fixed rate.

Performance by region

Discover the performance across all the geographic regions compared to 2021.







In 2022, revenues for Europe, the Middle East and Africa amounted to 1,417.2 million euros, driven by organic growth (+1.0%) and bolt-on acquisitions (+0.7%) mainly in France and Germany, despite the challenging comparison base and, moreover, a softer-than-expected market demand at year-end. 



Outstanding performance

In 2022, we recorded 381.3 million euros of revenues in the Americas, an increase of 24.3% primarily driven by a double-digit organic growth (+13.0%) and bolt-on acquisitions (2.98%) in the United States and Canada.



SOLID REVENUE performance

In APAC, revenues were 251.7 million euros in 2022, reporting an excellent revenue growth (+27.3%) primarily driven by the significant M&A contribution, mainly related to Bay Audio (+21.7%), and a solid organic growth (+2.2%), despite the localized lockdowns in Australia, New Zealand, 
More about our results by region? read our Annual Report

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
Read also our Sustainability Report Read

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