PM Group reported strong financial results for 2023, including a strategic acquisition of automation firm Milestone Solutions, positioning itself for future growth amid evolving industry challenges.
Target Information
PM Group has reported its financial results for the year ending December 31, 2023, showcasing an overall revenue of €566 million, which includes pass-through revenue derived from managing equipment and contract costs on behalf of clients. The underlying revenue from professional services remained consistent with the previous year, demonstrating stability amid challenging economic conditions.
The company achieved an operating profit of €33.9 million, despite facing rising costs and the impact of inflation. Notably, PM Group's net assets grew to €164 million, bolstered by minimal debt—positioning the company well for future investments and growth initiatives.
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Industry Overview
In the context of the construction and engineering industry in Ireland, PM Group’s largest market, 2023 saw robust multinational investments, indicating a positive outlook for Fo
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PM Group
invested in
Milestone Solutions
in 2023
in a Other deal
Disclosed details
Revenue: $566M
EBITDA: $34M