ORBIS SE continues profitable growth in financial year 2023 despite economic crisis
Saarbrücken-based software and business consulting company ORBIS SE, which is listed in the General Standard, has published its consolidated annual report for 2023.
Despite the economic recession in 2023, ORBIS can look back with satisfaction on the financial year with a significant increase in consolidated sales.
According to the annual report, ORBIS recorded a year-on-year increase in revenue of 9.7% to € 132,209 thousand (previous year: € 120,537 thousand) at Group level in the 2023 financial year . The number of employees as at December 31, 2023 was 907 (previous year: 888 employees).
The operating result (EBIT) increased by 5.9% to € 5,140 thousand (previous year: € 4,855 thousand).
The share of consolidated net income attributable to the shareholders of ORBIS SE after taxes and minority interests amounted to € 2,712 thousand (previous year: € 2,389 thousand).
Cash flow from operating activities amounted to € 9,701 thousand in 2023 (previous year: € 5,455 thousand). Despite high investments in the expansion of the Saarbrücken site and the expansion of business operations, ORBIS still has cash and cash equivalents of € 16,367 thousand (previous year: € 15,825 thousand).
The digitalization of business processes remains at the top of the agenda for all companies in order to achieve competitive advantages for the future. However, we must assume that the war in Ukraine and the development of energy prices and interest rates in 2024 in particular will have a negative impact on our customers' business activities and their willingness to launch new projects.
Due to the current economic crisis situation in Germany and Europe, ORBIS expects revenue and earnings (EBIT) for the 2024 financial year to be roughly on a par with the previous year.
The Executive Board and Supervisory Board will therefore propose a dividend payment of 10 cents per share at the 2024 Annual General Meeting.
About ORBIS
ORBIS supports medium-sized companies and international corporations in the digitalization of their business processes: from the joint development of the customer-specific big picture to the practical implementation of the project. The digitalization and automation of business processes across the entire value chain ensure the competitiveness of our customers. The in-depth process know-how and innovative strength of our 900 employees, combined with the expertise gained from over 35 years of successful international project work in various industries, make us a competent partner. With our subsidiary ORBIS Value+, we are also your partner for value-oriented process transformation, which means data-driven process improvements with continuous process analytics and automation. We rely on the solutions and technologies of our partners SAP and Microsoft, whose portfolios are rounded off by ORBIS solutions. Our focus is on SAP S/4HANA, customer engagement and the realization of the smart enterprise. With the help of smart cloud applications, AI and IIoT, we promote the innovative strength of our customers in the development of innovative products, services and business models. Our expertise is the result of over 2,500 customer projects at more than 800 companies in the automotive supply industry, construction supply industry, electrical and electronics industry, mechanical and plant engineering, logistics, metal industry, consumer goods industry and retail. Long-standing customers include the ZF Group, Hörmann, Hager Group, Rittal, Andreas Stihl, BEUMER Group, NETZSCH Group, Paul Hartmann, SICK, DMG Mori, ThyssenKrupp, PERI, Sonepar, WAREMA, Witzenmann, Bystronic, Ferrum, Halter, V-ZUG, Blaser Swisslube, Hawa, Alfred Müller, Yanmar Marine International, CoreDux, Royal Avebe, Ottakringer and LiSEC.
Further information is available at: www.orbis.de
or
Dr. Sabine Stürmer
Head of Investor Relations at ORBIS SE
Tel: +49 (0)681 99 24 605
E-Mail: sabine.stuermer(at)orbis.de
