Paris (FR), 21 March 2024 – Laurent Germain, Chief Executive Officer of Egis, today unveiled record-breaking results for Egis’ 2023 financial year. Consolidated turnover amounts to €1.9 billion, up 28% compared to 2022, almost doubling the Group’s size compared to 2020. The Group maintains healthy profitability, with an EBITDA margin of 11.6%, despite substantial investment in its transformation.
Key figures for 2023 – Egis Group
19,500 employees worldwide at the end of 2023, +22% year-on-year
12 new acquisitions during the year
Turnover: €1.9 billion, +28% compared with 2022
Of which organic growth: +13% and contribution from acquisitions +16% compared with 2022
Engineering order intake: €1.715 billion, +13 % compared with 2022
Order book: 17 months of turnover for engineering and 4.2 years for operations
EBITDA: €221 million + €45 million or +25% in a year
Net profit, Group share: €44.1 million as against €48.1 million in 2022
Strong growth in the America-Pacific zones: 25% of turnover in 2023, as against 18% in 2022
2023: an exceptional year marked by the acceleration of the Group’s international expansion
Following a record breaking year in 2022, the Engineering order intake recorded another exceptional increase in 2023 to reach 1.715 billion euros, up by 13% compared to 2022. The order book thus amounts to 2.2 billion euros at December 31, 2023, which represents 17 months of Engineering turnover: the Group maintains strong visibility for the months ahead.
In 2023 the Group generated turnover of 1.9 billion euros, up 28% compared to 2022 (€1.48 bn) of which 13% came from organic growth. The Asia-Pacific, North America and Middle East zones experienced particularly brisk growth.
The Group’s profitability remains largely stable year on year, with a margin standing at 11.6% and EBITDA up by 45 million euros compared with 2022 (+25%) at 221 million euros. Finally, net profit, Group share is slightly down on 2022 at 44 million euros, owing to the increased cost of borrowing and several exceptional items that impacted the year without affecting the Group’s cash position.
As part of the continued deployment of the strategic plan Impact the Future, Egis made 12 new acquisitions in 2023, with more than 2,000 employees joining the group and bringing with them new skills and fields of expertise. The 32 acquisitions made between 2021 and 2023 thus accounted for 21.5% of the Group’s turnover in 2023.
