Believe reports a reduced net loss, group share, of 5.5 million euros for 2023, compared with 29.8 million the previous year, with an adjusted EBITDA margin of 5.7%, up 110 basis points on last year.

At €880.3 million, annual sales were up 15.7% at current exchange rates, including organic growth of 14.4%, reflecting a return to growth in line with expectations in the fourth quarter of 2023.

Believe expects organic growth of around 18% and an adjusted EBITDA margin of around 6.5% for 2024. It thus intends to pursue its profitable growth trajectory towards its long-term objective of a 15% adjusted EBITDA margin.

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