A dynamism that allows the company to continue in pursuit of its priority projects in the aims of improving people’s quality of life, economic and social development in communities, and mass decarbonisation.
Paris (FR), 21 March 2024 – Laurent Germain, Egis’ chief executive officer, today unveiled record-breaking results for Egis’ 2023 financial year. Consolidated turnover amounts to €1.9 billion, up by 28% on the 2022 figure, bringing the Group to almost double in size compared with 2020. The Group maintains healthy profitability, with an 11.6% EBITDA margin, 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
Laurent Germain, Egis CEO, said: “I would like to thank all the Egis teams deployed in France and worldwide for their dedication over the past year. These record results bear out the pertinence of our strategic orientations, and have led to us achieving, nearly three years ahead of plan, several of our targets in our Impact the Future programme that we launched in 2021. Egis’ participation in operations at the heart of today’s big issues, and our record-breaking 2023 order book, illustrate the central role of engineering and infrastructure in designing the communities of the future and emerging from various crises with strength. We are going to step up our efforts in 2024 to deliver on our ambitions and pursue our exceptional trajectory of the last few years to become one of the world’s top ten engineering firms.”
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% on 2022. The order book thus amounts to 2.2 billion euros at 31 December 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 by 28% compared with 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.
Commenting on the results, Olivier Gouirand, Egis chief financial officer, said: “Once again this year, the Egis group has posted excellent financial results, with a high pace of acquisitions, dynamic organic growth and continuing healthy profitability. Thanks to our order book and with the benefit of critical mass in new high potential markets, we have clear visibility on the years ahead, and we are confident in our ability to maintain a sustained rate of growth."
Egis is a global leader in the consulting, construction engineering and mobility service sectors. We design and operate intelligent infrastructure and buildings capable of responding to the climate emergency and helping to achieve more balanced, sustainable and resilient territorial development.
With operations in 100 countries, Egis places the expertise of its 19,500 employees at the disposal of its clients and develops cutting-edge innovation accessible to all projects. Through its wide-ranging fields of activity, Egis is a central player in the collective organization of society and the living environment of citizens across the world.
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anastasiia.matiienko@egis-group.com
