SFPI GROUP Announces 2023 Annual Results with Solid Growth and Strategic Acquisitions

SFPI Group, known for its safety and security solutions, reported a 9.5% increase in sales reaching €688.8 million for the fiscal year of 2023. The results reflect significant growth across its key divisions, with the Dom Security Division leading with an 11.7% increase. The company also saw advancements in its MAC, NEU-JKF, and MMD divisions, contributing positively to the overall sales growth.

Despite the robust sales performance, the Group experienced a dip in operating income, which decreased to €28.5 million from €35.9 million in the previous year, primarily due to operational challenges in the MAC division. The consolidated net income also saw a decrease, totaling €0.9 million compared to €21.7 million in 2022, influenced by a non-recurring goodwill impairment related to the acquisition of the Wo&Wo group.

The financial health of SFPI Group remains strong, with total assets recorded at €602.1 million and a stable shareholders' equity of approximately €248.6 million. Notably, the Group maintained a robust net cash position and reported a net financial surplus up by almost 80%, laying a solid foundation for continued growth and operational enhancement in 2024 and beyond.