Sogeclair

Annual results for 2023

Blagnac, France, March 13th 2024-5.35pm,
Montréal Canada

ANNUAL RESULTS FOR 2023
Consolidated turnover : 148,0 M€, +9,7% (ATCC : +10,6%)
EBITDA⁽¹⁾ = 16,7 M€, +32,3%
RN  = 4,7 M€, +82,9%
Dividend = 0,94 € par action, +4,4%

SOGECLAIR, supplier of innovative solutions with high added value for a safer and less-consuming mobility announces today its financial results for the year ended December 31, 2023.

The Board of Directors met on March 07, 2024 has approved the financial statements for the year ended December 31, 2023. The audit procedures on the annual accounts have been carried out.
All the intermediate management balances are increasing, with an EBITDA at 11.3% of turnover (16.7M€), an operating income at 4.6% of turnover (6.9M€) and a net income at 3.2% (4.7M€), illustrating the rigorous execution of the ONE SOGECLAIR plan.

In M€	2023	2022	Variation 2023 / 2022
Turnover	148,0	134,9	+9,7%
EBITDA(1)	16,7	12,6	+32,3%
As % of turnover	11,3%	9.3%
Operating income	6,9	4,7	+46,1%
As % of turnover	4,6%	3,5%
Net Result	4,7	2,6	+82,9%
Including group share	3,1	2,0	+56,8%

⁽¹⁾ Operating result – other operating income and charges + amortization expenses and operating provisions

HIGHLIGHTS OF THE YEAR :

• Modernization of corporate governance with separation of the roles of Chairman and Chief Executive Officer (May 2023)
• Listing on the growing companies segment with the transfer to Euronext Growth (July 2023)
• Continued deployment of the ONE SOGECLAIR plan, with the appointment of a Country Manager in India and the extension of offerings in North America.
• Reinforcement of cash margins with the implementation of a 10M€ PPR financing (4 years deferred + 4 years amortization). Available treasury is 16.7M€.
• Profitability recovery in North America from -3.6% to +7.7% (price and volume effect).
• Reduced losses on Large Simulators

By geographical area: In the context of the ONE SOGECLAIR organization, the performance measured below corresponds to the location of our subsidiaries by geographical zone and not according to the geographical location of our customers. This explains the gap between our customers' sales by geographic zone (sales figures communicated) and those presented below for subsidiaries located in each geographic zone.