(AOF) – Esker’s turnover for the 2023 financial year increased by 12% (14% at constant exchange rates) to reach 178.6 million euros. This performance is the result of the dynamism and resilience of SaaS turnover (147 million euros), up 17% (15% at current rates), which represents more than 82% of the group’s sales. On the other hand, its operating profit falls by 16%, from 21.40 million euros in 2022 to 17.91 million euros in 2023.
The group specifies that “its operational profitability for 2023 is down 3.5 points to 10% of turnover”.
Its 2023 net profit decreased by 17% to 14.9 million euros.
In addition, in an inflationary context, Esker has significantly improved its cash generation for the 2023 financial year. Net operating cash flow thus increased by 35% to 31.5 million euros and free cash flows by 57 % to 15.5 million euros.
As of December 31, 2023, the cash position stands at 48.8 million euros to which must be added 4.8 million euros classified as financial assets but which can be mobilized in the short term.
As indicated during the publication of the fourth quarter 2023 turnover, Esker anticipates for the 2024 financial year, a turnover growth of 12 to 14% (excluding acquisitions and foreign exchange effects) with an operating margin between 12 and 13% of turnover.
These perspectives will be updated in future publications.
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