(AOF) – Infotel’s group share of net income fell by 11% to 18.1 million euros in 2023. The current operating income (excluding free shares) of the specialist in the digital transformation of major accounts in Europe was decreased by 7.7% to 27.5 million euros, representing a current operating margin of 8.9% compared to 9.9% in 2022. Turnover increased by 2.4% to 307.5 million euros.
Cash at the end of the 2023 financial year stands at 96.9 million euros compared to 97.8 million euros in 2022. Infotel specifies that for 2022, the cash has been subject to an accounting restatement in financial assets amounting to 15 million euros.
The Infotel board of directors will propose at the general meeting of May 22, 2024 the payment of a stable dividend of 2 euros per share for the 2023 financial year.
Following on from 2023, Infotel anticipates a stable first half then a rebound in activity in the second half of the year supported by the resumption of investments in the field of digital transformation.
In the longer term, Infotel has confirmed its ambition set as part of its strategic plan to achieve a turnover of 380 million euros (excluding acquisitions) by 2026, with a current operating margin greater than 10%.
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