(Boursier.com) — The 2023 turnover ofIT Link amounts to 73.32 million euros (64.44 ME in 2022). Ebitda at 6.58 ME (9% of turnover), down 1.1 pts despite the integration of RADès (accretive impact of +0.8 pts of Ebitda margin over the year). This decrease is mainly explained by an unfavorable calendar effect (-0.8 points of Ebitda margin) and the additional impact of -0.25 points of the Free Share Plan. Added to these two elements is the continuation of slight wage inflation initiated in the second half of 2022 and a measured decline in the occupancy rate in the second half of 2023.
Operating profit (EBIT) is €5.37 million for the 2023 financial year, or 7.3% of turnover.
The 2023 net profit reached €3.42 million, up +11.2%.
The Group’s net cash position as of December 31, 2023 amounts to €6.5 million (excluding IFRS16 rental debt). Over the year, IT Link generated €3.9 million in cash flow in line with business growth.
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Outlook 2024
The turnover objective targeted by the Group for the year 2024 is between 82 and 85 ME, driven by the embedded business and the integration of CIAO Technologies acquired in January 2024, while taking into account the normalization of the economy.
Management plans to maintain a level of profitability of around 7% over the year.
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