The company Oesia Groupwith a relevant role in defense through its brands Tecnobit, UAV Navigation, Inster either Cipherbit, closed 2023 with record numbers for the second consecutive year. The company he runs Luis Furnells It recorded revenues of 222 million euros, 22% more than the previous year, and grew in practically all parameters, from hiring, to investments or profits before taxes.
Oesía Group maintains its strategy focused on hyperspecialization, investment in dual disruptive technologies, and the signing of technology-based alliances with leading companies such as Indra, Navantia, Thales either Lockheed Martin and internationalization.
Contracting reached 300 million euros, 23% more, while Ebitda stood at 26.7 million, 38% more, and profit before taxes closed at 10 million, a more than notable 85% more. The results also reflect the expansive investment policy, which in 2023 exceeded 15 million euros, 77% more than the previous year. In two years, the company has managed to multiply its turnover by 1.5, double its Ebitda and triple its profit before taxes.
The company presented a solid balance sheet with an increase in equity to reach 59 million euros (19% more) and a working capital of 40 million euros. For its part, the financial debt/EBITDA ratio improves, standing at 2.0x compared to the 2.7x recorded in 2022.
Strategic plan 2023-2025
Grupo Oesía wanted to highlight the company’s 2023-2025 Strategic Plan as the cornerstone of these excellent results. “Hyperspecialization, investment in key emerging dual-use technologies (such as quantum, photonics, Artificial Intelligence or cybersecurity solutions, among others), the signing of alliances based on technology and internationalization are the bases of this plan; to which we must add, in the financial field, a clear commitment to the diversification of financing sources, the reinvestment of 100% of profits and productive investments”, highlights the company.
The executive president of Grupo Oesía, Luis Furnells, highlights that “the current moment is key for Grupo Oesía. Our businesses are developed in the two areas that are going to transform the world, Security and Defense and Digital Engineering. This, added to the success of our strategic plan, predicts strong growth for us in the coming years. We hope to continue breaking records of results to be able to fulfill our purpose as a company: to contribute to the increase of national sovereignty, at the service of European strategic autonomy, and to help create a better, more efficient, secure and sustainable world.”
The technology company’s chief executive also points out that “these excellent results support the solidity of our financial strategy, allow us to continue on the path of growth and anticipate a new year in which we will meet our business objectives. I can affirm that the Group’s growth “Oesía is healthy and sustainable.”
