ABO-Group achieves, as in 2021, its best year ever!
In 2022, the total operating income of ABO-GROUP increased to €70.9 million, an increase of 9.8% compared to 2021. The EBITDA for 2022 amounted to €9.9 million, compared to €8.1 million a year earlier, a growth of 21,7%. With 10% revenue growth and an EBITDA of €10M, as in 2021 ABO-Group achieves its best year ever. The group succeeded in continuing its strong start to the year, achieving double-digit sales growth coupled with a recovery in margins through the integration of the acquisitions from 2021 and 2022, and strong cost control.
ABO-Group also takes in a flying start in 2023, with the already announced acquisitions of DynaOpt and SEGED in France. With these, ABO-Group once again broadens its service portfolio to include monitoring and water management, and we have gained a wealth of knowledge and experience that we can use throughout the group.
The group believes that the increasing awareness of the climate issue and the resulting initiatives will provide a new dynamic, to which the various companies from ABO-Group can contribute. A good example of this is the project that Géosonic carried out in 2022 for Imerys, where important lithium reserves were identified in an old quarry.
In the medium term, the Board and the operational departments confirm the confidence in its plan to reach the turnover cap of €100 million by the end of 2025 at the latest. ABO-Group expects that its proven concept of combining strong organic growth with targeted acquisitions will enable it to achieve the technical market leadership it aims for in its activities. The recent announced acquisitions of DynaOpt and SEGED will contribute to this, and as always, the group is in contact with various targets to support the execution of its plan.