Consolidated statement of financial position
ASSETS (in millions of euros) | 31/12/2023 | 31/12/2022 |
Goodwill | 2 668,9 | 1 943,9 |
Intangible assets | 211,7 | 166,7 |
Property, plant and equipment | 164,6 | 141,5 |
Right-of-use assets | 457,1 | 359,9 |
Equity-accounted investments | 185,9 | 183,5 |
Other non-current assets | 73,8 | 114 |
Retirement benefits and similar obligations | 40,6 | 38,5 |
Deferred tax assets | 188,3 | 127 |
Non-current assets | 3 990,9 | 3 075,1 |
Trade accounts receivable | 1 372,4 | 1 104,2 |
Other current assets | 515,5 | 410,6 |
Cash and cash equivalents | 191,7 | 355,9 |
Current assets | 2 079,6 | 1 870,7 |
Assets held for sale | - | - |
TOTAL ASSETS | 6 070,5 | 4 945,8 |
31/12/2023 | 31/12/2022 | |
LIABILITIES AND EQUITY (in millions of euros) | ||
Share capital | 20,5 | 20,5 |
Share premium | 531,5 | 531,5 |
Consolidated reserves and other reserves | 1 324,7 | 1 298,3 |
Equity attributable to the Group | 1 876,7 | 1 850,3 |
Non-controlling interests | 48,4 | 43,1 |
TOTAL EQUITY | 1 925,1 | 1 893,4 |
Financial debt - Non-current portion | 619,5 | 320,1 |
Lease liabilities - Non-current portion | 392,9 | 312,8 |
Deferred tax liabilities | 90 | 68,5 |
Retirement benefits and similar obligations | 226,2 | 190,3 |
Non-current provisions | 59,4 | 51,8 |
Other non-current liabilities | 21,6 | 15,5 |
Non-current liabilities | 1 409,5 | 959 |
Financial debt - Current portion | 518,2 | 187,7 |
Lease liabilities - Current portion | 110 | 77,7 |
Current provisions | 53,9 | 46,7 |
Trade payables and related accounts | 354,5 | 318,2 |
Other current liabilities | 1 699,2 | 1 463,0 |
Current liabilities | 2 735,9 | 2 093,4 |
Liabilities held for sale | - | - |
TOTAL LIABILITIES | 4 145,4 | 3 052,4 |
TOTAL LIABILITIES AND EQUITY | 6 070,5 | 4 945,8 |
Consolidated statement of net income
Financial year | Financial year | |
(in millions of euros) | 2023 | 2022 |
Revenue | 5 805,3 | 5 101,2 |
Staff costs | - 3 577,1 | - 3 150,5 |
Purchases and external expenses | - 1 471,9 | - 1 331,3 |
Taxes and duties | - 42,6 | - 42,8 |
Depreciation, amortisation, provisions and impairment | - 178,6 | - 141,7 |
Other current operating income and expenses | 13,0 | 18,3 |
Operating profit on business activity | 548,2 | 453,1 |
as % of revenue | 9,4 % | 8,9 % |
Expenses related to stock options and related items | - 43,0 | - 23,2 |
Amortisation of allocated intangible assets | - 38,0 | - 32,3 |
Profit from recurring operations | 467,2 | 397,6 |
as % of revenue | 8,0 % | 7,8 % |
Other operating income and expenses | - 137,4 | - 36,3 |
Operating profit | 329,9 | 361,3 |
as % of revenue | 5,7 % | 7,1 % |
Cost of net financial debt | - 19,5 | - 8,7 |
Other financial income and expenses | - 16,3 | - 5,7 |
Tax expense | - 111,7 | - 83,2 |
Net profit from associates | 6,7 | - 14,7 |
Net profit from continuing operations | 189,1 | 249,0 |
Net profit from discontinued operations | - | - |
Consolidated net profit | 189,1 | 249,0 |
as % of revenue | 3,3 % | 4,9 % |
Non-controlling interests | 5,4 | 1,2 |
NET PROFIT ATTRIBUTABLE TO THE GROUP | 183,7 | 247,8 |
as % of revenue | 3,2 % | 4,9 % |
EARNINGS PER SHARE in euros | Financial year | Financial year |
2023 | 2022 | |
Basic earnings per share | 9,08 | 12,23 |
Diluted earnings per share | 8,94 | 12,13 |
Consolidated statement of changes in net debt
(in millions of euros) | Financial year 2023 | Financial year 2022 |
Operating profit on business activity | 548,2 | 453,1 |
Depreciation, amortisation and provisions (excluding allocated intangible assets) | 176,1 | 144,4 |
EBITDA | 724,3 | 597,5 |
Non-cash items | 0,6 | 0,8 |
Tax paid | - 82,6 | - 87,8 |
Impairment of current assets | - 0,2 | 4,6 |
Change in operating WCR | 44,9 | 6,1 |
Reorganisation and restructuring costs | - 62,8 | - 17,8 |
Net cash flow from operating activities | 624,2 | 503,4 |
Payments relating to investments in property, plant and equipment and intangible assets | - 100,6 | - 94,2 |
Proceeds from sale of property, plant and equipment and intangible assets | 6,9 | 0,1 |
Net change from investment activities involving property, plant and equipment and | - 93,7 | - 94,1 |
intangible assets | ||
Lease payments | - 106,0 | - 94,5 |
Net interest (excluding interest on lease liabilities) | - 22,0 | - 8,6 |
Additional contributions related to defined-benefit pension plans | - 12,3 | - 18,9 |
Free cash flow | 390,2 | 287,2 |
Impact of changes in scope | - 1 049,2 | - 13,8 |
Impact of payments relating to non-current financial assets | - 16,4 | - 10,3 |
Impact of receipts relating to non-current financial assets | 4,6 | 1,6 |
Dividends paid | - 94,5 | - 71,6 |
Dividends received | 2,7 | 2,8 |
Capital increases | - | - 0 |
Purchase and sale of treasury shares | - 26,1 | - 17,5 |
Other cash flows relating to investing activities | - | - |
Net cash flow | - 788,8 | 178,5 |
Impact of changes in foreign exchange rates | - 5,2 | - 3,4 |
Impact of changes in accounting policies (IFRS 16) | - 0 | - |
CHANGE IN NET FINANCIAL DEBT | - 794,0 | 175,1 |
Cash and cash equivalents - Beginning of period | 356,2 | 216,9 |
Non-current financial debt - Beginning of period | - 320,1 | - 448,4 |
Current financial debt - Beginning of period | - 188,0 | - 95,6 |
Net financial debt - Beginning of period | - 152,0 | - 327,1 |
Cash and cash equivalents - End of period | 191,5 | 356,2 |
Non-current financial debt - End of period | - 619,5 | - 320,1 |
Current financial debt - End of period | - 518,0 | - 188,0 |
Net financial debt at the end of the period | - 946,0 | - 152,0 |
CHANGE IN NET FINANCIAL DEBT | - 794,0 | 175,1 |
Consolidated cash flow statement
(in millions of euros) | Financial year | Financial year |
2023 | 2022 | |
Consolidated net profit (including non-controlling interests) | 189,1 | 249,0 |
Net increase in depreciation, amortisation and provisions | 291,6 | 189,4 |
Unrealised gains and losses related to changes in fair value | 5,4 | - 2,0 |
Expenses and income related to stock options and related items | 37,1 | 21,4 |
Gains and losses on disposal | 1,3 | 3,7 |
Share of net profit/(loss) of equity-accounted companies | - 6,7 | 14,7 |
Cost of net financial debt (including interest on lease liabilities) | 31,0 | 15,0 |
Dividends from non consolidated securities | - | - 0,1 |
Tax expense | 111,7 | 83,2 |
Cash from operating activities before change in working capital requirement (A) | 660,3 | 574,4 |
Tax paid (B) | - 82,6 | - 87,8 |
Change in operating working capital requirement (C) | 44,9 | 17,1 |
Net cash from operating activities (D) = (A +B +C) | 622,6 | 503,6 |
Purchase of property, plant and equipment and intangible assets | - 100,6 | - 94,2 |
Proceeds from sale of property, plant and equipment and intangible assets | 6,9 | 0,1 |
Purchase of non-current financial assets | - 8,6 | - 4,9 |
Proceeds from sale of non-current financial assets | - | 0,7 |
Cash impact of changes in scope | - 912,4 | - 13,1 |
Dividends received (equity-accounted companies, non-consolidated securities) | 2,7 | 2,8 |
Proceeds from/(Payments on) loans and advances granted | - 3,2 | - 4,5 |
Net interest received | 4,3 | - 0,2 |
Net cash from/(used in) investing activities (E) | - 1 010,9 | - 113,2 |
Proceeds on the exercise of stock options | - | - |
Purchase and sale of treasury shares | - 26,1 | - 17,5 |
Dividends paid to shareholders of the parent company | - 87,5 | - 65,0 |
Dividends paid to the minority interests of consolidated companies | - 7,0 | - 6,6 |
Proceeds from/(Payments on) borrowings | 492,6 | - 33,5 |
Lease payments | - 106,0 | - 94,5 |
Net interest paid (excluding interest on lease liabilities) | - 24,4 | - 11,0 |
Additional contributions related to defined-benefit pension plans | - 12,3 | - 18,9 |
Other cash flows relating to financing activities | - 0,9 | 0,6 |
Net cash from/(used in) financing activities (F) | 228,4 | - 246,5 |
Impact of changes in foreign exchange rates (G) | - 4,8 | - 4,6 |
NET CHANGE IN CASH AND CASH EQUIVALENTS (D +E +F+G) | - 164,7 | 139,3 |
Opening cash position | 356,2 | 216,9 |
Closing cash position | 191,5 | 356,2 |
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Sopra Steria Group SA published this content on 18 March 2024 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 18 March 2024 17:21:08 UTC.