Finance
07/27/23
2023 Half-year results
The 2023 half-year results were announced on July 27 2023:
- H1 23 Net sales of €m 1,402, +33% vs. H1 22 (+33% like for like)
- Q2 23 revenues of €736m, +21% vs. Q2 22
- Q2 23 order intake on equipment of €m 287 vs. €m 791 in Q2 22
- End of Q2 23 order book on equipment at €m 3,061 vs. €m 3,554 in Q2 22
- Recurring operating income at €m 88.1 (6.3%) vs. €m 45.8 (4.3%) in 2022
- Net income at €m 62.6 vs. €m 29.3 in 2022
- EBITDA at €m 114.0 (8.1%) vs. €m 68.2 (6.5%) in 2022
- Net debt at €m 387, gearing at 47%
- Expected revenue growth of around 20% in 2023 compared to 2022
- Expected recurring operating profit for 2023 to be over 5.5% of revenues
With an increase in revenues of 33% compared with the first half of 2022 and a near doubling of recurring operating profit, the first half of 2023 marks the group's comeback to very positive growth and performance. This record level of activity is the result of our high production levels, achieved in a context of better operational fluidity. Sales are increasing in all sectors and geographical areas. For 2023, we expect a revenue growth of around 20% compared with 2022, with a recurring operating profit over 5.5% of revenues compared with 3.6% for 2022.
Michel Denis, President & CEO
Analysts presentation - web conference audio replay (French)