Paris, France, 08 Feb 2024
Expleo, the global engineering, technology and consulting services provider, announces continued growth and improved profitability in its financial results for 2023.
The company has grown its revenues by 8.5% year on year, to 1.386 billion euros. Furthermore, Expleo has maintained strong profitability, with an EBITDA (IFRS16) of 148 million euros, up 17% compared with 2022, a margin of over 10%.
Long-term strategy maintains growth
Since implementing its transformation strategy in 2020, Expleo has achieved three consecutive years of strong growth and profitability. In 2023, the long-term impacts of that strategy’s emphasis on diversification, innovation and digital capabilities have maintained that positive growth trajectory, even in the face of challenging conditions in many key industries.
Expleo’s global organisation puts its experts – which today number more than 19 000 worldwide – in strategic locations where they are needed to provide the cost-effective high-value digital and engineering skills its customers need.
Sustainable innovation to boost growth
In 2024, Expleo will target double-digit year-on-year organic growth. This will be achieved by further diversification and targeting high-growth areas while supporting customers to achieve greater operational efficiency and boost innovation in their transformation programmes.
Expleo will also continue to invest in sustainable innovation, with all Expleo R&D projects being aligned to at least one UN Sustainable Development Goal (SDG) to ensure meaningful impact. A global hackathon, open to all employees, will foster innovation and identify new potential projects and initiatives in the areas of Net Zero and generative AI.
An expanding global network of experts
To meet its ambitions for 2024 and beyond, Expleo will continue its investment in training and developing the skills of its people. It will also hire 6 000 new experts across the group in 2024 to reinforce and build its capabilities in high-demand areas such as AI, digital engineering, cyber security and software development.
“While market conditions have posed challenges, we’ve created a robust and resilient organisation based on best-in-class engineering, technology and consulting expertise, which has seen us outperform the industry. In 2024, we enter a new cycle that will build on the platform we’ve put in place to target continued growth by leveraging the latest skills in areas such as generative AI and sustainable innovation to help our clients deliver programmes to create a smarter, safer and greener future,” says Rajesh Krishnamurthy, CEO OF Expleo.
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