Quest Group in 2023 recorded consolidated sales of €1.2 billion, EBITDA of €83.3 million, profit before tax of €58.9 million, and profit after tax of €45.4 million. Compared to 2022, sales increased by 16%, operating profitability (EBITDA) by 15.7%, earnings before tax (EBT) by 7.3%, and net profit (NAT) by 8%. Note that the 2022 figures included capital gains of €1.3 million from the sale of minority interests and one-off non-recurring income of €1.2 million.

Excluding these one-off and non-recurring items, 2023 pre-tax profit is improved by approximately 12.5% compared to last year's adjusted figures. The smaller increase in profit before tax is mainly due to the increase in net financial costs of around €5.4 million in 2023 due to the large increase in the base rate (Euribor). 

The Group's net debt position (loans - cash) stood at €17 million, compared to €28.7 million at December 31, 2022. The change since 31/12/2022 is mainly due to increased working capital requirements, the dividend distribution of € 21.3 million and new investments which amounted to approximately € 27 million.