Aliaxis Full-Year Report 2022

In 2022, we consolidated on growth realized in recent years and the step change in profitability achieved in 2021. Revenue was €4.3 billion, up 11.3% compared to 2021 and 46.7% compared to 2020 (on a like-for-like1 basis). This was driven by strong market momentum in the first half of the year, offset by a market slowdown in the second half. Our strong performance in North America, and to a lesser extent, in the Pacific region, offset lower performance in other regions.

Current EBITDA grew from an average of around €450 million between 2016 and 2020 to €674 million in 2021, and
came in at €728 million last year, an increase of 8% as reported and stable on a like-for-like1 basis compared to 2021 and 48.7% up compared to 2020. Market demand in all regions supported the result, together with strong commercial management and successful initiatives in operational excellence.

Our CEBITDA margin slightly decreased from 18.3% in 2021 to 16.8% in 2022, however, remained above 15% for the third consecutive year. Net profit amounted to €371 million, down 7.2% compared to 2021 on a reported basis, but up 3.1% after adjusting for non-recurring items.