on PIZZORNO (EPA:GPE)
PIZZORNO Environnement announces solid financial performance for 2023
PIZZORNO Environnement has unveiled its financial results for the year 2023, showing a clear increase in its turnover which reached 264.6 million euros, an increase of 16.6% compared to the previous year. This growth is mainly due to the performance of the Cleaning and Treatment-Recovery sectors, with respective increases of 19.1% and 8.1%.
Gross Operating Surplus (EBE) also improved, rising to 53.1 million euros, an increase of 12%. The EBITDA margin of 20.1% reflects cost control despite the initial charges linked to new contracts. Operating profit increased by 35.6% to 18.9 million euros.
The company strengthened its financial structure with a high cash position of 92.7 million euros and reduced its debt, with gearing increasing to 10.9%. A dividend of 1.25 euros per share will be proposed at the June General Meeting.
Looking ahead to 2024, PIZZORNO Environnement is confident, supported by a record order book close to one billion euros, underlining the continuity of customer confidence and the ability to meet current requirements.
R. E.
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