
Thierry BALLENGHIEN,
ICAPE Group's Founder and Chairman
Dear Madam, dear Sir, dear investor,
We closed this first year as a listed company by achieving all our financial objectives, both in terms of gross margin and EBIT. This performance is particularly remarkable given that it was achieved in an adverse environment, with the war in Ukraine and macroeconomic tensions (inflation, interest rates).
This success comes from the activation of our value-creation pillars, namely the pursuit of sustained organic growth, reinforced by an offensive external growth strategy, combined with the ongoing optimization of our organizational structure.
We start 2023 with the firm intention to pursue this growth and profitability dynamic while reaffirming all our financial and business objectives. The Group is already engaged in several advanced discussions with the aim of making new acquisitions this year."

Cyril CALVIGNAC,
ICAPE Group's CEO
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ICAPE Group
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Tel: +33 1 58 18 39 10
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