Etex Annual Report 2023

A record revenue of EUR 3,808 million, a record REBITDA of EUR 712 million, and a net recurring profit (Group share) of EUR 278 million for 2023 illustrate Etex’s responsive approach continuing on a growth path despite a volatile environment. 

Etex once again recorded a strong financial performance in 2023, with revenue of EUR 3,808 million, an increase of 0.7 % on like-for-like basis, and REBITDA of EUR 712 million, an increase of 9.6 % on like-for-like basis.

• The REBITDA margin reached 18.7 % and the net recurring profit increased by 1.1 % to EUR 278 million.
• The free cash flow before dividends, acquisitions and disposals of business reached EUR 294 million.

• The net debt at the end of the year amounted to EUR 1,039 million, roughly stable compared to 2022 (EUR 1,031 million). Mel De Vogue, Chief Financial Officer, presents and comments on the most important financial trends and results of the year.

Highlights

• €3,8808 million Revenue in 2023 (+0.7% like-for-like vs 2022)
• € 712 million Recurring operating cash flow “REBITDA” (+9.6% like-for-like vs 2022)
• € 278 million Net recurring profit (Group share) (+1.1% vs 2022)