Annual report 2023

Further expanding leading positions
and new growth opportunities.

Welcome to our 2023 annual report, a comprehensive reflection of our activities over the past year, marked by achievements, challenges and growth. In the past year, we navigated the complexities of a changing global landscape with resilience and innovation, not only further developing and implementing our strategy, but also making further progress in our sustainability journey.

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Message  from the CEO

2023 has shown how combining focus and collaboration can drive Nedap’s success

In a world where the pace of change has never been faster, 2023 stood out as a year of dynamism for Nedap. The landscape in which we operate has been challenging but offered also new opportunities. The resilience and adaptability of our teams, coupled with the strategic agility embedded in our Step Up! strategy, allowed us to further the development of Nedap in 2023.

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Key figures

  • Revenue

    in millions of €

    262.4

    +14%

    2022: 229.5

  • Earnings per share

    x €1

    3.31

    2022: 2.87

  • Number of
    employees

    1.013

    2022: 909

  • Recurring revenue

    in millions of €

    84.1

    2022: 70.6

  • Dividend per share

    x €1

    3.20

    2022: 3.00

  • Added value per FTE

    x €1,000 per FTE

    198

    2022: 186

  • Operating margin

    10.4%

    2022: 10.3%

  • Return on invested capital

    31%

    2022: 30%

  • R&D expenditure

    as % of revenue

    18%

    2022: 18%

Activities and achievements

In 2023, our simultaneous development and implementation of an evolving strategy paid off, further enhancing various facets of our business approach and ensuring effective execution. Our ongoing efforts to attract top talent proved fruitful. Additionally, we advanced our goals in the four key areas of our sustainability journey. This chapter highlights the progress we have made in different areas.

Financial statement

About the developments of our Identification Systems, Light Controls and Staffing Solutions business units.

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Financial affairs

A transparant overview of our financial performance in 2023, regarding key metrics such as revenue growth, cost management and net profitability.

 

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