(CercleFinance.com) – Turnover increased by 7.2% to €560.3 million at constant exchange rates and by 3.2% on a comparable basis in the 3rd quarter, driven by a solid performance in Europe, in the Middle -East, Africa and Brazil.
Revenue for the 9 months of 2023 increased by 7.1% to €1,737.3 million at constant exchange rates (3.8% on a comparable basis and 9.8% over 12 rolling months).
The adjusted operating margin for the 3rd quarter of 2023 stood at 15.2%, an increase of 3.9 points. Over 9 months, it stood at 15.0%, compared to 15.7% for the 9 months of 2022.
The Group’s share of net income per share was E1.39 in the 3rd quarter and E4.22 over 9 months/
‘ Fiscal 2023 revenue growth is expected to be between 5% and 7% at constant exchange rates thanks to the combined effect of price increases and mix improvement. We expect to improve the adjusted operating profit and adjusted operating margin for the 2023 financial year, as well as the gross margin,’ indicates the group.