PIZZORNO Environnement announces solid financial performance for 2023

PIZZORNO Environnement has unveiled its financial results for the year 2023, showing a clear increase in its turnover which reached 264.6 million euros, an increase of 16.6% compared to the previous year. This growth is mainly due to the performance of the Cleaning and Treatment-Recovery sectors, with respective increases of 19.1% and 8.1%.

Gross Operating Surplus (EBE) also improved, rising to 53.1 million euros, an increase of 12%. The EBITDA margin of 20.1% reflects cost control despite the initial charges linked to new contracts. Operating profit increased by 35.6% to 18.9 million euros.

The company strengthened its financial structure with a high cash position of 92.7 million euros and reduced its debt, with gearing increasing to 10.9%. A dividend of 1.25 euros per share will be proposed at the June General Meeting.

Looking ahead to 2024, PIZZORNO Environnement is confident, supported by a record order book close to one billion euros, underlining the continuity of customer confidence and the ability to meet current requirements.