M2i
Acceleration of operational profitability in 2023
> Net profit of €2.3 million, growth of +13%
> Record EBITDA of €4.6 million, growth of +84%
|
Audited data in €M – French standards |
2022 |
2023 | |
|
Turnover |
55.91 |
58.71 |
+5.0% |
|
EBITDA |
2.48 |
4.57 |
+84.2% |
|
Operating profit |
1.83 |
2.67 |
+46.2% |
|
bottom line |
0.01 |
0.17 | |
|
exceptional result |
0.30 |
-0.30 | |
|
result before taxes |
2.14 |
2.54 |
+18.9% |
|
Income tax |
-0.08 |
-0.22 | |
|
Share of equity-accounted income |
0.00 |
0.00 | |
|
Net profit |
2.05 |
2.32 |
+12.9% |
ORGANIC GROWTH OF +5% IN ACTIVITY IN 2023
In an IT market which experienced a certain wait-and-see attitude in the second part of the year, the M2i group maintained a high level of invoicing with an organic increase in its sales of +5% over the entire period. financial year 2023 for a total turnover of €58.71 million.
ACCELERATION OF OPERATIONAL PROFITABILITY IN 2023
In accordance with its strategy, this growth was accompanied by a clear acceleration in its operational profitability with EBITDA increasing by +84.2% to reach €4.57 million in 2023.
The Operating Profit also shows a strong improvement with an increase of +46.2% in 2023 compared to 2022 to reach €2.67 million.
After taking into account a financial result of +€0.17 million and an exceptional result difference of -€0.6 million between 2022 and 2023, the Net Profit before tax comes to €2.54 million, an increase +18.9% compared to 2022.
Ultimately, after taking into account a corporate tax of -€0.22 million, the Net Profit stands at €2.32 million, an increase of +12.9% compared to 2022.
The good trend in activity and evolution of margins observed once again confirms the virtuous dynamic of the group which is driven by the quality of its technological and educational solutions allowing remote and face-to-face follow-up of its 2,850 training courses in the fields IT, Digital, Management and Soft Skills.
As of December 31, 2023, the group had available cash of €8.8 million (cash assets of €7.6 million and available credit lines of €1.2 million), an increase of +€1.0 million compared to 2022.
GROWTH AND PROFITABILITY
Building on its positioning and operating in a buoyant market, the M2i group has good prospects for growth and improvement in its operational profitability. After the end of 2023 marked by a certain wait-and-see attitude, the group has noted since the beginning of 2024 a better activity trend which needs to be confirmed, especially since the month of May is expected to be unfavorable this year in terms of of activity.
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The turnover of 1
er
quarter 2023, May 15, 2024 at the latest.
About M2i
A key player in training in the fields of IT, Digital, Management and Soft Skills with more than 2,850 training programs offered in person, e-Learning, blended-learning, virtual classroom and COOC, M2i provides providing its 4,200 customers with its own certification and diploma courses as well as the largest network of agencies with 35 centers spread throughout France.
M2i is listed on the Euronext Growth market (FR0013270626 ALMII).
Number of shares: 5,276,985
Publication date: April 30, 2024
M2i Group Contact: Cristina Mauriz – Email: [email protected]
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