{"id":53270,"date":"2023-02-14T08:30:00","date_gmt":"2023-02-14T08:30:00","guid":{"rendered":"https:\/\/expleo.com\/global\/en\/?post_type=insights&p=53270"},"modified":"2023-07-26T05:42:13","modified_gmt":"2023-07-26T05:42:13","slug":"expleo-records-strong-growth-profitability-2022","status":"publish","type":"insights","link":"https:\/\/expleo.com\/global\/en\/insights\/news\/expleo-records-strong-growth-profitability-2022\/","title":{"rendered":"Expleo records strong growth and improved profitability in 2022"},"content":{"rendered":"\t\t
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Paris, France 14 February 2023 <\/strong>\u2013 Expleo<\/a>, 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.<\/p>

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\u2014a cross-border organisation defined by sectors and skills, development of digital expertise, diversification of activities and innovation\u2014and has been the catalyst for the group\u2019s ongoing robust performance.<\/p>

Increasing demand drives growth<\/strong><\/p>

Expleo\u2019s 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.<\/p>

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.<\/p>

Global expansion to enhance client proximity<\/strong><\/p>

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.<\/p>

A strategy turned towards growth markets <\/strong><\/p>

To reach its objectives, Expleo has combined organic and external growth. In 2022, the group finalised several acquisitions:<\/p>