Corporate
2023 in numbers
Economic and financial results data
|
€ million |
2023 |
2022 |
Change |
% Change |
|---|---|---|---|---|
|
Revenues |
145.2 |
152.2 |
(7.0) |
(4.6%) |
|
Costs |
186.8 |
195.9 |
(9.1) |
(4.7%) |
|
EBITDA |
(41.6) |
(43.7) |
2.1 |
(4.7%) |
|
Operating profit/(loss) |
(75.4) |
(83.7) |
8.3 |
(9.9%) |
|
Average workforce |
733 |
717 |
16 |
2.3% |
|
Capex |
20.1 |
32.7 |
(12.6) |
(38.4%) |
Economic and financial results
|
€ million |
2023 |
2022 |
Change |
% Change |
|---|---|---|---|---|
|
EBITDA – Corporate segment |
(41.6) |
(43.7) |
2.1 |
(4.7%) |
|
EBITDA – Group |
1,390.9 |
1,305.0 |
85.9 |
6.6% |
|
Percentage |
(3.0%) |
(3.3%) |
0.4 p.p. |
Year review
Corporate closed at 31 December 2023 with negative EBITDA of € 41.6 million, an increase of €2.1 million compared to the same period in 2022. The change is mainly due to cost efficiencies, partially counterbalanced by higher personnel expense, as a consequence of contractual adjustments and increased staff.
EBIT is negative at € 75.4 million, an € 8.3 million improvement over the previous year, as a result on the one hand, of the increase in EBITDA, and on the other hand, of lower provisioning, in particular with reference to staff mobility.
The average workforce at 31 December 2023 stood at 733, an increase of 16 compared to 2022 (717 units).
Investments amounted to € 20.1 million (€ 32.7 million at 31 December 2022), down with respect to the same period the previous year and mainly refer to software licenses, IT development and investments in company offices.