Brief: Ipsos Q4 Revenue Up At Eur 714.7 million

Ipsos SA

21/02/2024 17:16

Feb 21 (Reuters) - Ipsos SA  ISOS.PA :
    * GROWTH ACCELERATIONAND MAINTAINED HIGH PROFITABILITY IN
2023
    * 4TH QUARTER REVENUE AMOUNTS TO 714.7 MILLION EUROS, UP BY
4.8%.
    * 2023 CASH FLOW FROM OPERATIONS CAME TO EUR 413 MILLION
COMPARED
TO EUR 402 MILLION IN 2022, UP EUR 11 MILLION.
    * CASH AT 31 DECEMBER 2023 WAS EUR 278 MILLION
    * FY GROSS MARGIN ROSE BY 120 BASIS POINTS TO 67.5%,
COMPARED TO
66.3% IN 2022
    * FY OVERALL, GROUP'S OPERATING PROFIT ONCE AGAIN REACHED
HIGH
LEVEL OF 13.1% ACHIEVED IN 2022.
    * END-DEC NET FINANCIAL DEBT CAME TO EUR 120 MILLION, UP EUR
51
MILLION COMPARED TO 31 DECEMBER 2022
    * FY NET PROFIT ATTRIBUTABLE TO OWNERS OF PARENT CAME TO EUR
160
MILLION COMPARED TO EUR 215 MILLION IN 2022
    * PERFORMANCE IN 1ST QUARTER OF 2024 WILL BENEFIT FROM A
RELATIVELY FAVOURABLE BASIS FOR COMPARISON, BUT SUBSEQUENT BASES
FOR COMPARISON WILL BECOME GRADUALLY LESS FAVOURABLE AS YEAR
PROGRESSES
    * FY CASH FLOW FROM OPERATIONS CAME TO EUR 413 MILLION
COMPARED TO
EUR 402 MILLION IN 2022, UP EUR 11 MILLION.
    * FOR THIS YEAR, WE ARE FORECASTING ORGANIC GROWTH OVER 4%,
AND AN
OPERATING PROFIT OFAROUND 13%
    * WE REMAIN CONFIDENT IN OUR ABILITY TO DELIVER ON FINANCIAL
TARGETS ANNOUNCED IN OUR STRATEGIC PLAN
    * ON 14 MAY 2024, THE BOARD OF DIRECTORS WILL ALSO BE
PROPOSING A
SUBSTANTIALLY HIGHER DIVIDEND PAYMENT OF €1.65 PER SHARE

Source text for Eikon:  ID:nRSD7mpYCV 
Further company coverage:  ISOS.PA 

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