Centurion Group (“Centurion” or “the Group”), a global leader in the supply of rentals and services to critical industries, has today published its financial results for the year ended 31 December 2022.
FINANCIAL HIGHLIGHTS FOR 2022
STRONG PROGRESS CONTINUING IN 2023
The Group made a strong start to 2023 with Q1 revenue and adjusted EBITDA ahead of the comparable period last year by 30% and 55% respectively, as a result of continued improvement in the Group’s end markets and market share gains. The Group anticipates that these higher levels of activity will continue through 2023.
Fernando Assing, Chief Executive Officer, said:
“Centurion’s focus on providing high quality rentals and services to critical industries delivered record results for the Group in 2022, as we took market share in our core markets of the US, Canada, the UK, Europe & Caspian, the Middle East & North Africa and Asia Pacific. Around the world, Centurion is providing customers across a range of industries with the equipment they need, when they need it, helping them execute vital projects across multiple sectors in the most efficient way possible.
“We continue to drive organic growth at sustainably strong margins, which reflect the value of the services that we provide. The Group remains focused on accelerating growth and enhancing our capabilities through high quality acquisitions, enhancing our capabilities in existing and new areas. We welcome the Blue Drop team to the Group and continue to have a very active pipeline of acquisition opportunities.
“With a number of key acquisitions in the pipeline, 2023 is poised to be an exciting year for Centurion; we are in a strong financial position and look forward to the future as we continue to build our position as a world leading provider of rentals and services serving multiple industries.”
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