• Revenue at all-time high of 4.1 billion euros (+8% vs. 2022)
• Adjusted EBITDA grew by 7.8%, adjusted EBIT by 12.8%  
• Strategy 2025′ gains momentum: Further growth expected, based on a strong core business and the Future Mobility, Cyber Security, Sustainability, and Artificial Intelligence focus areas

Record Revenue Exceeds Own Expectations

STUTTGART, Germany, April 25, 2024 /PRNewswire/ — 2023 was an excellent year for DEKRA. Global revenue increased significantly to an all-time high of 4.1 billion euros (+8% vs. 2022: 3.8 billion euros) – exceeding the company’s own expectations and demonstrating strong growth compared to its industry peers. Earnings grew substantially to yield adjusted EBITDA of 455.5 million euros (+7.8% vs. 2022) and adjusted EBIT of 255.3 million euros (+12.8% vs. 2022). 

On this basis, in 2024, DEKRA plans to fully exploit its early mover advantage in future technologies and newly established regulations. As its ‘Strategy 2025’ gains momentum, revenue growth is expected to be in the mid-single-digit range. By 2025, the year of the company’s 100th anniversary, DEKRA aims to be the partner of choice for cutting-edge TIC (testing, inspection, and certification) services in the growing business areas of Future Mobility, Cyber Security, Sustainability, and Artificial Intelligence (AI).

“In 2023, DEKRA once again improved its business performance – despite a tense economic and geopolitical environment,” said DEKRA CEO Stan Zurkiewicz at the company’s Annual Press Conference. “All six regions and all Service Divisions contributed to our strong sales momentum and our all-time revenue high. Our strong core businesses and our early mover advantage in future topics make us highly confident that we will grow both revenue and margins, and achieve our strategic goals.” 

While DEKRA’s Americas (+27%) and Central East Europe & Middle East (+13%) regions delivered the highest growth rates in 2023, the largest revenue in absolute terms was generated in the GSA region (Germany, Switzerland, Austria: 2.6 billion euros).

From a business area perspective, vehicle-related services continued to be the primary source of revenue. DEKRA has, once more, confirmed its role as the global market leader in vehicle testing with 31.6 million tests carried out.

Read the full version here: www.dekra.com/en/press-overview/

– Picture is available at AP –

CONTACT: 
Uta Leitner 
Phone : +49.711.7861- 2877
Fax : +49.711.7861- 2240 
E-Mail :[email protected] 
Corporate Communications
Handwerkstraße 15
70565 Stuttgart, Germany
www.dekra.com/en/press-overview

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OXFORD, England, April 25, 2024 /PRNewswire/ — Oxford-based Lucy Group Ltd, a multinational company that makes the built environment sustainable, has posted record results for the year ending 31^st December 2023. Turnover grew by 15% to £359m, while profit before tax increased by 69% to £59m.

In the Group’s electrical businesses, the improved product mix and increased proportion of smart solutions within the portfolio, coupled with the calming of raw material and logistics costs post Covid, contributed to an uplift in margins. In the Group’s real estate businesses, Lucy Properties benefited from a favourable market context for rental units, while Lucy Developments was impacted by a range of factors that affected both the affordability and delivery of new builds.

Commenting on 2023 and the year ahead, Richard Dick, Executive Chairman of Lucy Group, said:

“With a backdrop of challenging global markets and increased competition in key sectors, we have achieved a landmark performance. Our record results are a testament to our people and strategy.”

“This year saw the start of significant investment in manufacturing facilities in India, Saudi Arabia and the UAE to increase capacity and capability, as well as a new regional headquarters in Saudi Arabia. At Lucy Zodion in the UK, we have taken the decision to add production capacity in 2024 to increase output of feeder pillars and associated products for the fast-growing electric vehicle charging market.”

“Our outlook remains optimistic, despite difficult conditions in some markets and a dip in order intake towards the end of the year. We are confident in our strategy and that our focus on quality, smart products, and customer care positions us well to capitalise on the global trend toward intelligent energy infrastructure and smart city solutions. We know that competition is tough, and may increase in certain growth markets, so we must continue to adapt and remain at the forefront.”

Lucy Group’s full 2023 Annual Report & Accounts can be accessed from the Investors section of the Group website: www.lucygroup.com

Editor’s notes

Established in 1812, Lucy Group is an international group that makes the built environment sustainable. The Group has three business units: Lucy Electric, Lucy Controls and Lucy Real Estate.

Our electric businesses advance the transition to a carbon-free world with infrastructure that enables renewable energy and smart cities.

Our real estate businesses support sustainable living through responsible property development and investment.

For more information, please visit www.lucygroup.com 

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SINGAPORE, April 25, 2024 /PRNewswire/ — DECODE Group’s subsidiary, Decode Digital Markets USA Inc, has officially obtained a Money Services Business (MSB) registration license from the Financial Crimes Enforcement Network (FinCEN) in the United States. This achievement marks a significant milestone in the group’s compliance and professionalism in the global financial services market. It also consolidates DECODE Group’s leading position in the global financial market.

The new license covers all 50 states and territories of the United States, allowing Decode Digital Markets USA Inc to provide a range of financial services including check cashing (including traveler’s and money orders), dealing in foreign exchange, issuing money orders, issuing traveler’s checks, money transmission, selling money orders, prepaid access and traveler’s checks. This registration adds significant legitimacy and operational breadth to DECODE Group’s activities in the U.S. and globally.

Decode Global’s CEO Ivan Lew said, “obtaining the U.S. MSB registration license is a crucial step in DECODE Group’s global strategy. It not only allows us to serve in the U.S. market but also assures our clients of higher standards of financial services. We look forward to further expanding our market share and continuing to drive financial technology innovation, all while adhering to U.S. and international financial regulatory standards.”

As a global financial services company, DECODE Group is dedicated to delivering innovative financial solutions and services. The company operates in multiple countries and regions, each of which has obtained the necessary financial licenses and certifications to ensure safe and reliable services for global clients.

With the acquisition of the U.S. MSB license, DECODE Group is set to further expand its service capabilities worldwide. In the future, the group plans to explore new markets and seek similar registrations or licenses in other countries to support and enhance its financial services worldwide. 

About DECODE Group

DECODE Group is a leading international financial services conglomerate, established in 2004 with its central headquarters located in Sydney, Australia. The group holds multiple financial licenses across various countries, including an Australian Financial Services License, and is authorized to provide financial services. DECODE Group operates under the stringent regulatory oversight of esteemed bodies, notably the Australian Securities and Investments Commission (ASIC).

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