17 March 2023

Simac presents annual figures 2022

In the past year, Simac's turnover grew by 10%. Compared to previous years, the result was under pressure but remained positive. In addition, Simac announces an important change in the management board.

Net sales of the Veldhoven-based technology company increased by 10.0% from € 284.7 million to € 313.1 million. The operating result decreased from € 8.1 million to € 3.6 million. This was due to increases in personnel costs and higher costs of investments in new activities. Steps were taken within the largest operating company Simac IT NL bv to improve and standardize the portfolio and business model. While the result in the Netherlands was considerably lower as a result, the IT companies in Belgium, Luxembourg, the Czech Republic and France continued the good results. The majority of the specialized Simac companies also closed 2022 profitably.


CEO Eric van Schagen: "For 2023, we expect an uncertain and challenging year. We continue to invest further in the activities where we see opportunities and where we have been active in recent years. We have decided to strengthen the organization and we will also manifest ourselves more emphatically commercially. On balance, with slight growth in sales, we expect to achieve a modest positive result in 2023."

"The tensions in Europe and the world continue to assert themselves and companies and institutions are cautious in their investments. Costs have increased significantly due to inflation and we cannot and do not want to pass this on in full to our customers in all cases in the short term. A major risk remains cyber security and the labor market situation also remains difficult. Obtaining and retaining well-qualified employees is a challenge."


Earlier, Simac announced that the holding company's management board will be expanded in 2023. In addition to Eric van Schagen and Michael van Kasteren, Maartje van Schagen and Ine Frings will strengthen the board. What is now also clear is that on October 1, 2023, Maartje van Schagen will take over Eric van Schagen's CEO role. This puts the third generation at Simac at the helm.