The European IT group Cegeka continues its growth in Europe. The technology specialist, active as an integrator and operator and a key player in the SaaS market, closes fiscal year 2022 with a consolidated revenue of 871 million euros. That is an increase of 17% compared to the annual figures of 2021.*
‘2022 was not an easy year. Like other companies in Europe, we faced geopolitical instability and the challenges of rising inflation. Despite these obstacles, we have once again been able to achieve very strong growth. This success is entirely due to the close cooperation with our clients and the professionalism of more than 6,000 Cegeka employees. Thanks to value-driven entrepreneurship, we have also been able to make a significant technological contribution to several socially relevant projects,’ says André Knaepen, founder and chairman of the Board of Directors of Cegeka.
Strong growth in financials in 2022*
Cegeka achieved a consolidated revenue of 871 million euros in 2022. That is an increase of 17% compared to 2021. Operating profit increased by 10% compared to a year earlier to an amount of 73 million euros. Recurring EBITDA rose to 95 million euro. That is an increase of 15% compared to 2021.
‘We have once again succeeded in strengthening the Cegeka Group’s financial position. At the same time, we have invested heavily in our international expansion. We have done this in Scandinavia, for example, with the expansion of Cegeka Sweden thanks to the majority shareholding in Solver Sweden,’ says Stephan Daems, CFO of Cegeka.
Cegeka invests in the technological future
Cegeka firmly believes that technology will continue to determine the future of society. Thanks to our strong financial results, we invest heavily in technologies that will make a difference in the coming years. For example, we have invested in our hybrid cloud capabilities. ‘We have developed a state-of-the-art Azure Centre of Excellence within the Cegeka Group with the acquisition of DexMach. This strengthens our hybrid cloud strategy, combining the capabilities offered by hyperscalers such as Microsoft Azure with the strengths of our own sovereign Cegeka data centres,’ says Bijnens. ‘Our belief in digital platforms such as nexuzhealth for healthcare and Smartschool for education fits into the same investment category,’ says Bijnens.
2023 will be the year of AI and ‘Observability’
‘That 5G and AI are already taking centre stage today, we had anticipated. We are currently developing a country-wide mobile 5G network in Belgium via Citymesh. In the field of AI, we have an international team of more than 300 data and AI experts with knowledge and know-how ranging from BI to Machine Learning. AI is here to stay in 2023: it will be the unmissable co-pilot in our lives,’ says Stijn Bijnens, CEO of Cegeka.
In addition, ‘Observability’ is becoming increasingly important for companies in today’s rapidly changing digital landscape. ‘That’s why we put this at the core of Cegeka’s digital customer engagement platform: Horizon. Through Horizon, we offer all our customers a ‘single pane of glass’ with granular insight into individual services, allowing them to keep their digital environment under control. You could say that Horizon is the digital embodiment of our ‘in close cooperation’ philosophy,’ concludes Bijnens.
Finally, in 2023 – as in previous years – we will strengthen our Cyber Security division. This year we already achieved a highlight with the recognition of Cegeka as the number 1 BeLux cybersecurity player in the Whitelane Report 2023.
* The published financial results are pro forma figures, which makes it easier to make comparisons with financial figures from previous years. Later this year, Cegeka will switch to International Financial Reporting Standards (IFRS) for financial reporting.
Cegeka is an ambitious and leading European ICT solutions provider. In line with our motto 'In close cooperation' we strive to provide the best possible customer service and support our more than 2,500 customers in their digitization journey. Cegeka offers end-to-end solutions in the fields of Data, Applications and Infrastructure, which are strongly interconnected.
Within the Cegeka organization, Citymesh is our mobile connectivity specialist for the business-to-business market. Nexuzhealth develops tailor-made solutions for the healthcare sector and Cegeka Business Solutions is the European Dynamics house, the go-to partner for Microsoft D365 solutions. Smartschool is the digital school platform in Belgium, designed to support collaboration between schools, teachers, students and parents.
Cegeka has over 6,000 employees with locations in the Benelux, Germany, Austria, Romania, Moldova, Italy, the Czech Republic, Slovakia, Sweden and Greece, and a consolidated turnover of 871 million euros (in 2022).
Cegeka is a European family-owned company. It was founded in 1992 by André Knaepen, who is currently the chairman of the board of directors. CEO Stijn Bijnens has been managing the company from its head office in Hasselt, Belgium.