Eurofiber Annual Results 2022
Continued strong growth in 2022 with revenue increasing by 13% to 245 million, representing 10% organic growth year on year
In 2022, the Eurofiber Group achieved revenues of 245 million, up 13% versus 2021
Eurofiber rolled out more than 66,700 kilometer of unique fiberoptic network owns 11 datacenters in the Netherlands, Belgium, and France.
In 2022, Eurofiber deployed its fiberoptic network at a record pace evidenced by 125 million in fiber network related capital expenditures, 85 percent of which being directly related to orders from new and existing customers.
In 2022, Eurofiber has been commissioned by Air Traffic Control the Netherlands (LVNL) to provide E-VPN data communication services between the Dutch airports where LVNL manages air traffic control. The project includes the construction, expansion and maintenance of fiberoptic infrastructure as needed. The airports involved are Schiphol, Rotterdam, Maastricht, Lelystad and Groningen.
Furthermore, Eurofiber completed a Euro 1.5 billion sustainability-linked refinancing supporting further network expansion across Europe. The facilities and the related hedging have sustainability incentives in alignment with Eurofiber’s sustainability program, which includes, among other things, measures that will lead to a 50% CO2 reduction by 2025 (compared to 2021), furthering the company’s stated goal to be 100% climate proof by 2030, as well as measures regarding gender balance.
For this facility Eurofiber recently received the GlobalCapital's Sustainability Linked Loan of the Year Award, one of the leading information sources of the international capital markets. This prestigious award was given following a poll of parties in the financial markets.
Outlook for 2023
In 2023, Eurofiber will continue to grow its business across its footprints, both organically and inorganically and will continue to focus on industry leading customer satisfaction.
Building on earlier acquisitions, Eurofiber has further strengthened its position in the French B2B telecom market by acquiring B2B telecom providers Appliwave and Avelia, extending its French footprint to Paris, Lyon, Annecy and Reims, and adding networks with a total length of over 2,600 kilometers. Its backbone network covers the whole of France and extends to Germany.
Eurofiber's ESG program will result in a CO2 reduction of 50 per cent by 2025 as compared to 2021, with the goal of being 100 per cent climate neutral by 2030. To achieve this, Eurofiber is working on various sustainability initiatives such as using only sustainably generated electricity, a leasing policy with 100 per cent electric driving, reducing energy consumption in the supply chain and increasing circularity of products. Manifesto agreements are being agreed with key suppliers to achieve CO2-neutral construction and maintenance of the Eurofiber network and to reduce packaging materials. New opportunities to reuse equipment are continuously being explored.
According to EcoVadis latest sustainability rating, Eurofiber Netherlands has achieved a gold status. With this gold status, the ESG initiatives of Eurofiber globally reach the top 5% best-performing companies out of a total of 100,000 assessed companies.