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smartphoto group – 2023 annual results – Smartphoto group shows resilience and confirms with growth in turnover and profitability – Dividend proposal 

Maggy Van den Stock

PRESS RELEASE – Regulated information
Wetteren, 4 March, 2024 – 6.00 p.m.
smartphoto group – Euronext Brussels: SMAR

  • Increase in revenue from 76.3 million euro in 2022 to 77.3 million euro (+1.4%) in 2023, and this under difficult economic conditions.
  • The EBITDA amounts to 13.1 million euro in 2023, an increase of 1.2%, compared to 2022 (13.0 million euro), due to strict cost control and increased margins.
  • Increase in net profit from 5.5 million euro in 2022 to 6.9 million euro in 2023 (+26.2%).
  • Increase in net cash of 1.3 million euro (+6.9%) from 18.4 million euro in 2022 to 19.7 million euro in 2023, and this notwithstanding the increased dividend payment and additional purchase of treasury shares.
    Net cash, excluding lease liabilities pursuant to IFRS 16, amounts to 23.3 million euro as at 31 December 2023, compared to 21.8 million euro as at 31 December 2022 (+6.9%).
  • Proposal to pay a gross dividend for 2023 of 1.05 euro per share (or a 5.0% increase).

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