Accelleron Industries AG Announces Strong Financial Results and Strategic Acquisitions for 2023

Accelleron Industries AG reported a successful 2023 financial year, marking its first full year as an independent entity. The company, a global leader in heavy-duty turbocharging, saw a 17.2% increase in revenues, amounting to USD 915 million, with an organic growth of 15.5%. This growth was driven by a growing demand in the merchant marine sector and a surge in shipbuilding orders, among other factors.

The operational EBITA for 2023 rose by 16.3%, reaching USD 223 million, while maintaining an operational EBITA margin of 24.4%. This financial strength came in spite of challenges from inflation and supply chain disruptions, demonstrating Accelleron's resilience and strategic management.

The company also unveiled major operational and strategic advancements, including the acquisition of OMT, a leader in fuel injection technology critical for decarbonization efforts. Additionally, Accelleron launched the ACCX300-L series turbochargers, showcasing its commitment to innovation and sustainability in the marine and energy industries.

Accelleron’s dedication to sustainability was further highlighted by its adoption of the Science-Based Targets initiative (SBTi) and the implementation of several initiatives aimed at reducing carbon emissions within the company and across its operations.

Looking forward to 2024, Accelleron expects a revenue growth of 4% to 6%, with an aim to maintain its profitability margins amidst uncertain global conditions. CEO Daniel Bischofberger expressed confidence in the company's strategy and team, emphasizing the role of acquisitions and innovation in strengthening Accelleron's market position and contributing to global decarbonization efforts.