(AOF) – Quadient announces that its Ebitda reached 244 million euros during the 2023 financial year, an increase of 1.8% compared to the 2022 financial year. Its Ebitda margin stood at 23% in 2023 compared to 22.4% in 2022. Current operating income excluding charges linked to acquisitions in 2023 reached 157 million euros compared to 151 million euros in 2022, an increase of 4.4% in published data and of 9. 3% organic. It is in line with the outlook of around 10% which was given at the start of the financial year.
Net profit, group share, amounts to 69 million euros in 2023 compared to 13 million euros in 2022.
The group’s consolidated turnover reached 1.062 billion euros in 2023, representing organic growth of 1.9% compared to the 2022 financial year, a level in line with the revised outlook of around 2% in November 2023.
In addition, the gross margin rate increased from 73.3% in 2022 to 74.2% in 2023. This improvement mainly results from greater efficiency in the supply chain, cost control measures and a favorable volume/mix effect.
In terms of prospects, Quadient expects organic growth prospects for the 2024 financial year both in terms of its turnover and that of its current operating income excluding charges linked to acquisitions. The group does not provide quantitative details on this subject.
Additional financial objectives as well as a strategic vision of its three-year trajectory will be presented during its Capital Markets Day which will be held on June 19.
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Rail investment plan
The French railway industry is in second place in Europe and third place worldwide. This industry displays a trade surplus, which generates more than 100,000 jobs in France. The announcement of the future plan for French rail transport provides in particular for the regeneration and modernization of the network, the average age of which is 30 years in our territory. This age is much higher than that of countries like Germany (17 years) and Switzerland (15 years). An annual investment increasing from 2.8 billion euros to nearly 4 billion euros should make it possible to maintain the entire network in good condition.