(CercleFinance.com) – The turnover for the year 2023 amounted to 8,345 million euros, an increase of + 1.7% on a comparable basis (at constant currencies and scope). Based on published data, growth is +2.3% compared to the same period last year.
Current EBITDA amounted to 1,775 million euros for the year 2023, up +1.4% compared to the same period last year. The margin rate stood at 21.3%, compared to 21.5% the previous year.
Current EBITA reached 1,290 million euros compared to 1,262 million euros last year. Net income, group share, is 602 million euros in 2023 (compared to 643 million euros in 2022).
Over the year 2024, the group expects organic growth in turnover of between +2% and +4%, an increase in recurring EBITA margin of between +10 bps and +20 bps over a pro forma basis (compared to 14.9% in 2023) excluding Majorel integration costs, an increase in net available cash flow and continued return to shareholders of up to 2/3 of net available cash flow, including share buybacks shares and dividends paid.
‘Business growth should remain limited in the 1st quarter of 2024, given a very unfavorable basis of comparison and an environment which remains volatile’ adds management.