Key figures
2020 | 2021 | 2022 | 2023 | ||
in millions of euros | |||||
Turnover | 996 | 1,052 | 1,371 | 1,480 | |
Net result | 16.7 | 28.3 | 10.6 | 4.3 | |
Number of employees as at 31 December | 25,624 | 25,395 | 31,886 | 30,881 | |
CO₂e emissions in tonnes1 | 17,920 | 15,205 | 16,387 | 23,579 |
- 1 CO2e stands for CO2 Equivalent, meaning that other greenhouse gas emissions next to CO2 are translated to its CO₂ equivalents and therefore also taken into account.
In 2023, turnover has increased to a record high €1,480 million (2022: €1,371 million). An increase of 7.9%, mainly driven by the activities in Switzerland, and landscaping and cleaning services in the Netherlands. Vebego's turnover has increased by more than 40% since 2021.
The past three years, Vebego has made significant investments to future-proof our organisation. Including 2024, these investments in the DoF restructuring programme, the rebranding and the strengthening of our culture will amount to €30 million. This is the main -and planned- driver for a lower net result in 2023: €4.3 million (2022: €10.6 million). Net result was also affected by higher indirect costs due to wage increases and inflation.
At the end of 2023, we employed nearly 39,000 people: 30,881 permanent employees, as well as over 800 independent healthcare professionals working for us and nearly 7,000 more employees within our joint ventures. The decline compared to 2022 is due to the tight labour market and the ageing population (higher proportion of retiring colleagues).
The CO2e footprint of our strategic core companies has significantly increased compared to 2022. However, more than 75% of this increase is caused by the first time full inclusion of Germany in reporting. Another 20% is caused by improvement of data quality, both in accuracy and completeness (inclusion of some additional activities).