Fortaco’s preliminary financials for 2022 and outlook for 2023
Fortaco Group Holdco Plc[1] (“Fortaco”), the leading strategic partner to the heavy off-highway equipment and marine industries, announces preliminary financials for the fiscal year ended 31 December 2022 along with an outlook for 2023, including selected financial and operating results.
In 2022, Fortaco recorded net sales of EUR 332.4 million, recurring EBITDA of EUR 24.7 million and a net debt of EUR 52.0 million. This corresponds to more than 40% YoY growth in net sales.
Read the press release here.
[1] Fortaco Group Holdco Plc acquired 100% of the shares in Fortaco Group Oy on 30 September 2022, after which Fortaco Group Oy and its subsidiaries were consolidated under Fortaco Group Holdco Plc. Consequently, Fortaco Group Holdco Plc financials are not representative of the Group’s performance, and thus the figures in the press release are presented on a full pro forma basis. Figures are in accordance with IFRS standard, unless stated otherwise.
