Implenia AG achieved a record net income of CHF 141.8 million in 2023, highlighting successful growth strategies including the integration of Wincasa into its operations.
Information on the Target
Implenia AG, a leading company in the construction and real estate sector, has successfully achieved its goals for 2023 despite a challenging market environment. The firm reported an EBIT of CHF 122.6 million, which adjusted for currency, amounted to CHF 126.5 million. All divisions contributed significantly to the strong overall results, with revenue exceeding the previous year's figures when adjusted for currency. The backlog of orders remained robust at CHF 7.293 billion, reflecting a solid demand for Implenia's services. The consolidated net income reached a record high of CHF 141.8 million, signaling that the company's offerings are well-received in the market.
André Wyss, the CEO, emphasized that the meticulous application of their Value Assurance risk management process ensures that projects maintain a solid risk and margin profile. This commitment, coupled with the extraordinary efforts of employees across all levels and effective management performance, has enabled Implenia to thrive in a demanding landscape, which is a testament to its strength and resilience.
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Industry Overview in Switzerland
The Swiss construction and real estate industry is currently contending with rising interest rates and increasing construction costs, presenting substantial challenges. However, the demand for large real estate projects in attractive urban areas
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Implenia
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Disclosed details
EBIT: $130M
Net Income: $142M