Prodware: Strong increase in Current Operating Income: €49.1 million (+68%) - Net Profit impacted by exceptional items
With the product mix of recent acquisitions leaning towards more trading, EBITDA margin reached 18.7% in 2023.
- With the product mix of recent acquisitions leaning towards more trading, EBITDA margin reached 18.7% in 2023.
- With reduced depreciation and provision expenses (€20.3 million in 2023 compared to €21.5 million in 2022), Current Operating Income saw a stronger increase to €49.1 million, resulting in a robust operating margin of 12.9%.
- Financial Result stands at - €19.9 million in 2023, down by - €8.8 million from 2022.
- This decrease is due to higher interest rates and an increase in debt resulting from acquisitions made during the year.