SOL Group (SOL) H2 2023 earnings summary
Event summary combining transcript, slides, and related documents.
H2 2023 earnings summary
31 Oct, 2026Executive summary
FY2023 net sales rose 7.8% to €1,487.1m, while EBITDA increased 16.4% to €382.2m and net profit reached €145.7m.
Growth was supported by Home Care and international markets; 2024 plans include continued investment, acquisitions and partnerships, subject to geopolitical and cost conditions.
Financial highlights
Net sales were €1,487.1m, up 7.8% reported and 5.3% like-for-like vs 2022; revenue was €1,529.6m vs €1,463.1m.
EBITDA increased 16.4% to €382.2m; EBIT increased 18.0% to €227.1m.
Net profit rose 9.0% to €145.7m from €133.7m; EPS was €1.607 vs €1.474.
Financial charges increased to €16.5m from €12.6m; profit before tax was €210.6m vs €179.9m.
Outlook and guidance
2024 outlook is confident, targeting good sales growth and profitability at appreciable levels, conditional on developments in Ukraine, the Middle East, energy costs and inflation.
Investment, acquisition and partnership programs are set to continue in 2024.
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