Paris, 31 March 2022 – Expleo announced today a return to growth in 2021, following the implementation of a new strategy in late 2020. Turnover reached over one billion euros, a 12% increase year-on-year, while the Group has realised an EBITDA (IFR16) of 92.4 million Euros, a 23% increase compared with 2020.
The global health crisis brought about by Covid-19 in 2020 saw a slowdown in the aerospace and automotive industries, impacting much of Expleo’s engineering activities. In response, Rajesh Krishnamurthy, CEO and Chairman of the Board of Expleo implemented a new strategy to improve the company’s resilience and encourage growth.
The group’s new strategy, launched at the end of 2020, is based on four main pillars:
- Reorganisation: a global organisation defined by sectors and major areas of expertise that encourages the sharing of skills and international collaboration between teams, enabling Expleo to offer the best to its clients.
- Digital Transformation: A major investment in digital technology to stay ahead of the digital transformation that is affecting all its clients’ business sectors. The group’s goal is to train 25% of its teams in digital professions by 2023.
- Diversification: expand areas of expertise to develop its position in the key industries of the future. In January 2022, Expleo acquired Assystem Care, thus strengthening its position in the life sciences and chemicals sectors.
- Innovation: global innovation and R&D programmes to better anticipate the trends that will shape the future for clients and to develop cutting-edge expertise in high-impact projects, such as autonomous, electric or hybrid vehicles, sustainable mobility, the factory of the future or carbon-neutral aircraft.
The group’s performance trajectory is set for the long term, with growth prospects estimated at over 20% in 2022. To meet this ambition and continue its development, Expleo plans to recruit 6,500 people across the group in 2022. Teams are being strengthened in a wide range of areas of expertise, from software and systems engineering to cybersecurity, data science, compliance, product performance and reliability, electronics and embedded systems.
Rajesh Krishnamurthy, CEO of Expleo, commented: “The exceptional rebound that our group is experiencing today is no coincidence: it confirms that our strategic shift was the right one. I would like to thank our teams for their commitment and agility, which has enabled us to transform ourselves in just over a year. We can now look forward to a sustainable future and continue to push back the boundaries of our business together in the service of our clients.”