Ad
Wednesday, April 23, 2025
10.1 C
London

U.K. Edition

Altrad Group Reports Strong FY Results

- Advertisement -

Altrad Group, a global leader in scaffolding and industrial maintenance services, has released its Full-Year Results for the year ended 31 August 2022, and the results are very impressive. 

With solid financial and operational performance exceeding expectations, Altrad’s high activity levels in mergers and acquisitions have played a significant role in the Group’s growth. As a result, its investments have added c.€1.8 billion of annualised revenue and 20,000 new employees, expanding the Group’s offering and strengthening its position as a global leader in the space.

Ran Oren, Co-CEO of Altrad Group, commented on the results: “I am pleased to report on another year of impressive growth for the Group as we continue to deliver steady organic and inorganic growth. The Group’s performance is that much more impressive given the continued challenges of Covid through the winter months, which impacted productivity in certain markets, as well as challenges associated with raw material and supply chain fluctuations driven by the conflict in Ukraine.”

The Group’s focus on cost control and ability to react quickly to market movements helped to address inflationary impacts. A significant development during the period for Altrad was securing a €2.4bn facility, which enabled the Group to refinance existing debt and support its working capital requirements. 

During the financial year, Altrad signed or closed 11 deals that added €1.8 billion of diversified, recurring revenue streams and expanded the Group’s geographic footprint and specialist service offering. 

The acquisitions include smaller deals tailored to specific market needs and more important deals that bring major complementarities in services and strategic synergies. For example, the purchase of Endel enhances Altrad’s specialist offering for the Nuclear sector in France, and the acquisition of Doosan Babcock expands Altrad’s Renewables capabilities.

Ran Oren commented on the continued strategic expansion: “These acquisitions will continue the strategic expansion of Altrad’s geographic footprint and specialist service offering, and the Group’s position as a global leader in industrial maintenance services will be further cemented. With a services order book at €4 billion and an impressive financial performance, Altrad Group is well-positioned for continued growth in the future.”

- Advertisement -

Popular this week >

Scaffolding Collapses Onto Van in North London

A large section of scaffolding collapsed onto a van...

TRAD UK Names Parkinson’s UK as Charity Partner for 2025–26

Scaffolding and construction supply specialist TRAD UK has announced...

Caspian Marks 40 Years of Excellence in the UK Scaffold Industry

A North Lincolnshire-based company is celebrating four decades at...

Scaffolding Association Urges Industry-Wide Unity Amid Renewed Scrutiny

The Scaffolding Association has issued a call for greater...

NASC ends muddle over ‘basic’ scaffolding definition

The trade body for scaffolding contractors has launched an...
- Advertisements -

Related Articles >

Altrad Group Celebrates 40 Years of Global Success and Transformation

Altrad Group, one of the world’s leading industrial services providers, is marking its 40th anniversary this year, celebrating a remarkable journey from humble beginnings to a global powerhouse. Founded in Montpellier, France, in 1985...

Latest Topics

Scaffolding Association Urges Industry-Wide Unity Amid Renewed Scrutiny

The Scaffolding Association has issued a call for greater...

Scaffolding Collapses Onto Van in North London

A large section of scaffolding collapsed onto a van...

Caspian Marks 40 Years of Excellence in the UK Scaffold Industry

A North Lincolnshire-based company is celebrating four decades at...

TRAD UK Names Parkinson’s UK as Charity Partner for 2025–26

Scaffolding and construction supply specialist TRAD UK has announced...
- Advertisement -

Popular Categories