Key figures
2024 | 2023 | 2022 | 2021 | |
in millions of euros | ||||
Turnover | 1,543 | 1,480 | 1,371 | 1,052 |
Net result | 7.6 | 4.3 | 10.6 | 28.3 |
Number of employees as at 31 December | 32,032 | 30,881 | 31,886 | 25,395 |
CO₂e emissions in tonnes1 | 35,930 | 23,579 | 16,387 | 15,205 |
- 1 CO2e stands for CO2 Equivalent, meaning that other greenhouse gas emissions next to CO2 are translated to its CO₂ equivalents and therefore also taken into account.
In 2024, the Group’s consolidated turnover rose to a new high of €1,543 million (2023: €1,480 million), an increase of 4.3%. As is usual for our businesses, a major part of the increase in turnover can be attributed to price increases, particularly in our strategic core companies. In 2024, in addition to these known effects, revenue growth was also positively impacted by the incorporation of the Hoek acquisition by Vebego Groen, Cosource by Vebego Facility Solutions, partially impacted by the weaker performance of all financial investment companies (industrial and healthcare staffing activities).
The net result in 2024 was an improvement over the previous year, at €7.6 million (2023: €4.3 million), representing a return of 0.5% (2023: 0.3%), largely driven by lower Group expenditure as we approach the final restructuring stage of the Designing our Future (DoF) programme. Overall, investment in DoF has exceeded €30 million over the past five years. The net result was also negatively affected by lower market-driven contributions from our staffing services activities. The performance of our strategic core companies improved compared to last year in Belgium and the Netherlands, but deteriorated in Germany and Switzerland due to difficult market conditions.
Over the last three years, we have continuously improved data quality (especially with regard to commuting) and brought more and more companies under the scope of reporting. This has led to an increase in the CO2e footprint. We do not expect any further significant increase from data quality going forward.