Paris, France 14 February 2023 – Expleo, the global engineering, technology and consulting services provider, announces accelerated growth and profitability in its financial results for 2022. The company registered turnover of 1.27 billion Euros, a year-on-year increase of 23%. Meanwhile, the group has achieved an EBITDA (IFRS16) of 126.1 million Euros, up 36% compared with 2021, with a 10% margin.
Expleo announced a return to growth in 2021 as the result of a comprehensive transformation strategy implemented by CEO, Rajesh Krishnamurthy. First put in place in the Summer of 2020 in response to the global health crisis and associated economic challenges, the strategy comprises four pillars—a cross-border organisation defined by sectors and skills, development of digital expertise, diversification of activities and innovation—and has been the catalyst for the group’s ongoing robust performance.
Increasing demand drives growth
Expleo’s 23% growth in turnover has been driven by a rebound in sectors such as aeronautics and automotive, and increased demand for digital expertise and innovation, despite the unstable global economy.
Companies recognise the need to improve operational agility, innovation, and process efficiency as the means to sustain their businesses and remain competitive. At the same time, they must comply with growing numbers of regulations. Expleo has provided its clients with the skills they need throughout their value chains, around the world, to respond to these challenges.
Global expansion to enhance client proximity
In 2022, Expleo continued its expansion, optimising its office infrastructure to better serve client needs. Last year, the group opened new offices in Israel, Germany, Switzerland, Ireland, and the United Kingdom.
A strategy turned towards growth markets
To reach its objectives, Expleo has combined organic and external growth. In 2022, the group finalised several acquisitions:
- In January 2022, Expleo acquired Assystem’s life science and chemical division
- In May 2022, Expleo announced the takeover of Lucid Technologies and Solutions (Lucid), a specialist in data governance, data privacy and protection, and augmented analytics in India
- In July 2022, Expleo signed an agreement for the acquisition of management consulting firm, UMS Consulting GmbH & Co. KG, based in Germany
- In September 2022, Expleo announced it had completed the full acquisition of quality assurance (QA) and quality engineering (QE) provider, SQS Portugal
Focus on recruitment to match growth
Expleo’s transformation programme has set the group on the path of long-term expansion, with an estimated growth forecast of around 20% for 2023. To meet this, Expleo plans to recruit 7,800 people in the coming year. Recruitment will focus on consolidating talent across a wide range of expertise, from software and systems engineering, cybersecurity, data science, compliance, product performance and reliability, electronics and embedded systems.
Rajesh Krishnamurthy, CEO of Expleo, commented, “The current growth of our group is no coincidence. It confirms that we have made the right strategic shift. We owe these results to the collective effort of our people, who have demonstrated a commitment and agility that has allowed us to better adapt to the needs and challenges of businesses. Pushing our limits to provide the best for our customers is in our DNA, and we will continue to do so in 2023 with a turnover target of 1.5 billion Euros.”