Amsterdam, 3 November 2023 – Brunel International N.V. (Brunel; BRNL), a global provider
of flexible workforce solutions and expertise, today announced its third quarter 2023 results.
Key points Q3 2023
? Revenue of EUR 342 million, up 13% (21% organically*)
? Gross Profit of EUR 73 million, up 11% (19% organically)
? EBIT of EUR 18.8 million, up 8% (27% organically)
Key points YTD 2023
? Revenue of EUR 986 million, up 14% (19% organically)
? Gross profit of EUR 207 million, up 11% (16% organically)
? EBIT of EUR 45.6 million, up 6% (14% organically)
Outlook Q4 2023
? Delays in offshore wind industry impacting Taylor Hopkinson
? Start of large infrastructure project in Middle East & India postponed until Q1 2024
? Positive trend continues in other regions
Capital Markets Day on 28 November 2023
*Organic change is measured by excluding the impact of currencies, acquisitions, disposals and by adjusting for working days.
We have adjusted like-for-like to organic to also reflect the impact of working days.
Q3 2023
Press Release
Brunel reports continued profitable growth,
delays in offshore wind industry
- 2 -
- 2 - Brunel International N.V. Quarterly Report 2023-3
“Brunel continued its path of high organic growth in revenue,
gross profit and EBIT. I am very proud that we were able to
navigate the challenging circumstances with our result driven
mindset. It is clear that we are outperforming the European
market trends. In particular, our performance in The Netherlands
stands out. In our other regions we see continued strong
profitable growth in Americas, Australasia and Asia.
This quarter also demonstrated the resilience of our business
model. We experienced some unexpected bumps in the road.
Inflation impacted the business case of certain US based offshore wind projects and public biddings in Europe, leading to a slowdown in our permanent placement
business in Taylor Hopkinson in the second half of the year. In our region Middle East & India, a large project was finished sooner than expected and a large project won earlier this year will start later than expected (early 2024), impacting our expected profitability growth for the next quarter.
see & read more on
https://s29.q4cdn.com/775574951/files/doc_financials/2023/q3/press-release-q3-2023.pdf

tijd 10.21
Brunel Group EUR 12,20 -1,20 vol. 204.179