Wendel posts consolidated revenue up 6.4% in 2023 – 02/28/2024 at 6:48 p.m.

Wendel reported on Wednesday an annual consolidated turnover up 6.4% organically for 2023, driven by strong organic growth from Bureau Veritas, CPI and Scalian and a rebound in Stahl’s activity since third quarter 2023.

The investment company achieved a consolidated turnover of 7.13 billion euros in 2023, compared to 6.75 billion over the same period last year.

“We are deploying at a sustained pace the new strategic directions announced in March 2023, with strong portfolio rotation, including the acquisition of a majority stake in the Scalian group, and the sale of Constantia Flexibles, above its previous valuation in our ANR”, declared general manager Laurent Mignon in a press release.

(Written by Mathias de Rozario, edited by Tangi Salaün)

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