SQLI: net income down 37% in 2023

(CercleFinance.com) - SQLI has announced sales of ?251.
2 million for fiscal year 2023, up 2% on 2022.

France (+2.3%) and international markets (+2.0%) contributed equally to the Group's revenue growth.

At the same time, operating income recurring declined by 4% to 20.6 ME, while EBIT came in at 12.4 ME (-23%) and net income at 4.8 ME (-37%).

Between 2020 and 2023, SQLI increased its sales by an annual average of 5.5% and boosted its recurring operating margin from 3.4% to 8.2% of sales.

The Group aims to continue this cycle in 2024, with an acceleration in sales growth compared to 2023 and a further improvement in profitability, enabling it to achieve a double-digit recurring operating margin.

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