DEKRA publishes Annual Report 2023/4 & Financial Report 2023

IIOA member DEKRA publishes Annual Report 2023/4 and Financial Report 2023.

DEKRA note that, ‘Despite only moderate growth in the global economy, DEKRA achieved an all-time sales record in 2023. Total revenue increased by 8.0 percent to 4.1 billion euros.’ They state that, ‘all the Service Divisions and Regions contributed to this, with double-digit growth in some cases.’

Of the growth, 7.7% was organic growth; there was a -0.8% impact on revenue due to currency.

In terms of opportunity, DEKRA state that, ‘the Testing, Inspection, Certification sector continues to develop at a fast pace thanks to digital innovations and a heightened awareness of climate change. New technologies are transforming traditional models and are improving the provision of services, quality assurance and the fulfillment of compliance standards. The industry is striving towards CO2 neutrality and is gearing its business models towards sustainability. Moreover, the concepts of Industry 4.0 and Society 5.0 present opportunities but also pose ethical and social challenges. These trends, coupled with stricter regulatory standards and a greater political focus on sustainable practices, are the factors behind the TIC sector’s expansion.’

The 2023 DEKRA Financial Report can be viewed here and the 2023/2024 Annual Report is available here.