Financial Outcomes for the Entire Year 2022
In a recent announcement, Akkodis, a leading engineering and R&D services company, reported strong financial results for Q4 2022 and the full year. The company's performance surpassed expectations, with growth in key markets, new contracts, and operational efficiencies contributing to its success.
Denis Machuel, the group CEO, commented on the company's performance, stating, "We are pleased to announce excellent growth in Q4, with Akkodis significantly outpacing the market."
The Q4 operating income stood at €113 million, reflecting higher amortisation and one-offs related to the AKKA acquisition. The full-year operating income was €547 million, also impacted by these factors. Despite this, the company maintained a healthy 70% cash conversion in the investment phase, with Cash Flow from Operating Activities amounting to €543 million for both Q4 and the full year 2022.
The full year basic EPS was €2.05 and adjusted EPS was €3.28, while Q4 basic EPS was €0.39 and adjusted EPS was €0.76. The Q4 gross margin was 21.0%, supported by a portfolio shift, positive mix, and pricing, and this remained consistent for the full year 2022.
Revenues for the full year 2022 increased by 13% reported and 5% organic TDA, with growth in all GBUs. Q4 revenues also saw a 13% increase reported and 5% organic TDA growth.
AKKA delivered EBITA margin and EPS accretion in year 1, with approximately €25 million synergies realised. The company's Simplify, Execute, Grow agenda is being progressed across the organization to accelerate the implementation of the existing strategy and improve both operational and financial performance.
For further details, a conference call has been scheduled. The proposed dividend per share is CHF 2.50, composed of CHF 1.85 gross and CHF 0.65 from reserves not subject to withholding tax.
For media inquiries, please contact the Press Office at media@our website or call 41 (0)44 878 87 87. For investor relations, you can reach out to investor.relations@our website or call 41 (0)44 878 88 88.
The company's strong performance in Q4 2022 and the full year is a testament to its strategic initiatives and commitment to growth and efficiency. With the Simplify, Execute, Grow agenda in full swing, Akkodis is well-positioned for continued success in the future.
Akkodis is planning to leverage its strong performance and proactive initiatives such as the Simplify, Execute, Grow agenda, to foster career transition opportunities within the company, particularly in business sectors like finance. In light of its impressive financial results, Akkodis might consider recruiting seasoned professionals in the finance industry for strategic roles, contributing to its ongoing expansion and future success.
