(Boursier.com) — Icape reveals 2023 turnover of €179.5 million, affected by the international industrial and economic context observed during the financial year. Activity fell by 18.3% compared to 2022 and even -22.8% at constant scope.
The company explains that the drop in overall demand, an unfavorable effect on sales prices as well as the normalization of its customers’ stocks calls into question its turnover objective of 500 ME in 2026, which is therefore postponed “to a medium-term horizon.
Icape is still targeting average organic growth of 10% between 2023 and 2026, 120 ME of additional turnover via external growth and an operating profit margin of around 9.5% by this date.
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