reported basis as expected Reported operating profit of EUR 827.2 million, down 0.3% versus EUR 829.9 million in 2022, representing a reported operating margin of 14.1% compared to 15.2% in 2022 Net profit attributable to the Group of EUR 563.3 million, down 6.6% versus EUR 602.9 million in 2022, and basic earnings per share of EUR 4.51, down 6.3% versus EUR 4.81 in 2022 Free cash flow of EUR 538.3 million, representing 9.2% of revenue versus EUR 599.5 million in 2022, representing 11.5% of revenue Organic and scope effects on revenue are measured at constant metal prices. The copper effect on the company’s revenue decreased by EUR 173.7 million in 2023, driven by metal prices. Accelerated organic growth in the fourth quarter, with marked improvement in the three operating segments: Building, Automotive, and Industry Key corporate events in 2023 included the announcement of a new ambitious climate plan to achieve carbon neutrality by 2050 and the opening of a new automotive EV battery recycling plant in France with partner Saft Groupe The Board of Directors will propose a dividend of EUR 1.32 per share, an increase of 3.1% compared to the previous year, at the Annual Shareholders’ Meeting on May 16, 2024 The company expects year-on-year organic revenue growth of around 5% in 2024, with an adjusted operating margin of around 15.5%, and free cash flow representing around 9.5% of revenue. These targets include a possible negative copper effect for 2024 based on current metal prices”Based on these key figures, the company had a successful year in 2023, achieving strong organic revenue growth and maintaining solid operating profits despite currency fluctuations and metal price effects. The company’s focus on sustainability is evident with the announcement of a new climate plan and the opening of an EV battery recycling plant. This commitment to sustainability aligns with the growing demand for environmentally friendly products and services in the market. Additionally, the company’s plans for future growth and profitability indicate a positive outlook for the coming year. The proposed dividend increase also reflects the company’s confidence in its performance and financial position. Overall, the company’s 2023 key figures demonstrate its resilience and strategic focus on sustainability and growth in a challenging economic environment.”We expect that the company will continue to build on its success in 2023 and achieve its targets for 2024, given its solid performance and strategic initiatives. The market demand for sustainable products and services presents opportunities for the company to further expand its business. As a third party, we are encouraged by the company’s commitment to sustainability and its positive outlook for the future.
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